Temecula Heights

42301 Zevo Drive, Temecula, CA | 229,000 SF

• Purchased for $40.75M ($178/SF) and a 4.9% cap rate in July 2021 

• Acquired 229,000 SF industrial building located in Southern California within a short drive of Los Angeles, Orange County, and San Diego representing a strategic logistics hub with direct access to a large labor pool and features a nominal 2.07% market vacancy rate 

• 100% leased including 192,000 SF (84% of rentable square feet) through June 2026 to investment grade credit tenant Abbott Laboratories (NYSE: ABT | S&P Credit Rating A) 

• Attractively designed institutional quality distribution building constructed in 1998 with 26’ clear heights, ESFR sprinklers, 27 dock doors, and HVAC in 84% of the building 

• New financing of $24.45M (60% loan to value) at 2.90% fixed for 7 years 

  
  

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