LAND FOR

SALE

Joe StanceCommercial Real Estate Broker

909.772.1212Joe@StanceRealEstate.com

BRE # 01788741www.StanceRealEstate/SquawMT

SQUAW MOUNTAIN ROADCORONA, CA 92883

03

PROPERTY TYPE: COMMERCIAL DEVELOPMENT OPPORTUNITY

SIZE: 28.06 ACRES

PARCEL NUMBER: 290-050-030

TOPOGRAPHY: FLAT/SLIGHT SLOPE

COUNTY: RIVERSIDE COUNTY

SUB MARKET: SOUTH CORONA TEMESCAL VALLEYZONING: SCENIC HIGHWAY COMMERCIAL (C-P-S)

Property Type: Commercial Development

OpportunityParcel Number:290-050-030

Topography:Flat/Slight Slope

Sub Market:South Corona

Temescal Valley

>> 01 THE SITE

Size: 28.06 Acres

Zoning:Scenic Highway

Commercial (C-P-S)

Nine Miles South of the91/15 Freeway Interchange

Household incomeOver $100K

Traffic CountI-15 +/- 160k per day

Numerous Uses Are Permitted

+/- 1,600 linear footage along Interstate 15 Freeway Eight and a Half Miles South of the 91/15 Freeway Interchange Household income Over $100KTraffic Count - I-15 +/- 160k per dayNumerous Uses Are Permitted Immediate Freeway Access Via Temescal Canyon Road on/off ramp

PROPERTY SUMMARY

+/- 1,600 linear footagealong Interstate 15 Freeway 

Immediate Freeway Access Via TemescalCanyon Road on/off ramp

04

05

>> 02 THE AREA

AERIAL MAP

06

RETAIL

12 Mo Deliveries in SF

121 K12 Mo Net Absorption in SF

28.9 KVacancy Rate

6.1 %12 Mo Rent Growth

3.7 %

Current Quarter

Malls

Neighborhood Center

Strip Center

General Retail

Submarket

Annual Trends

Vacancy Change (YOY)

Net Absorption SF

Deliveries SF

Rent Growth

Sales Volume

RBA

493,702

4,005,290

449,045

1,609,959

6,557,996

12 Monts

1.3%

28.9 K

121 K

3.7 %

$ 144 M

AvailabilityRate

3.8%

7.1%

10.1%

8.2%

7.3%

Peak

7.6%

116,188

120,817

6.0%

$143,7 M

DeliveriesSF

0

0

0

0

0

Trough

1.9%

(168,804)

0

-11.2%

$2.0M

Net AbsorptionSF

0

(16,355)

(1,828)

(1,600)

(19,783)

When

2014 Q2

2017 Q1

2018 Q1

2017 Q4

2018 Q1

UnderConstruction

0

14,561

2,790

0

17,351

When

2006 Q1

2009 Q2

2015 Q4

2009 Q4

2010 Q4

VacancyRate

2.1%

5.7%

8.7%

7.5%

6.1%

HistoricalAverage

5.7%

(5,587)

15,030

-0.9%

$29.5M

Asking Rent

$2.08

$1.83

$1.77

$1.78

$1.83

ForecastAverage

6.8%

38,743

68,438

1.3%

N/A

CORONA RETAIL AT A GLANCE

The City of Corona is located approximately 45 miles southeast of Los Angeles in western Riverside County. The City limits encompass 39.2 square miles and the population is over 160,000. A city whose heritage spans more than a century, Corona has emerged as an ethnically diverse community, where a significant percentage of the population is made up of young, well educated families.

The Corona community boasts many amenities that provide a first-rate quality of life for residents. The City has more than 394 acres of parks, with sports fields, basketball courts, playgrounds, tennis courts, two skateparks and an outdoor pool. Corona's industrial base has played an important role in the growth of the City and its employee base. Corona's economy is strong and getting stronger! There are more than 42,000 jobs within the city of Corona and there is a workforce of more than 84,000. Our retail and commercial areas are expanding and office development is booming. Corona has more than 34 million square feet of industrial space and more than 3 million square feet of office space existing, under construction, or planned. Economic Development is the business advocate always looking for ways to help the business community with incentives, communication, and team building.

07

RETAIL

SITE

4 MILES 5 MILES

SITESITE

1 MILE

1 Mile1 Mile

08

SOUTH RIVERSIDE RETAILThe South Riverside Submarket is located in the southern Inland empire and bordered by San Diego county to the South and Orange Country to the west. Inventory is clustered around the 1-15 and 1-215 freeways, primarily in Temecula and Murrieta, and near Highway 74 in San Jacinto. Vacancies have compressed to 6.5% since peaking at nearly 10% during the recession. With arround 250,000 SF of retail under construction, most of which is speculative, a supply- driven rise in vacancies is possible. Rent growth has been solid since 2014, but asking rents have not yet recovered to their prerecession peak.

Net absorption has been strong since the start of 2016. One major factor driving submarket demand in 2016 was elevated activity at Hemet Towne Center, where over 160,000 SF was leased. The 124,000 SF vacant former Walmart building was taken by Burlington Coat Factory and Sprouts Farmers Market. Ulta Beauty also leased 40,000 SF in a newly constructed building in the center. Leasing activity in 2017 was more subdued, and two of the year’s larger leases were for recently completed projects. Stater Bros. Leased 45,000 SF in the Shoppes At The Lakes center in Menifee, and Tractor Supply Co. Leased 22,000 SF in Temecula. Other notable leases include sublets by DSW (19,000 SF) and Total Wine (22,000 SF) in July to fill the former Sport Chalet vacancy.

The largest transaction in the submarket in 2017 was the sale of the Murrieta Town Center in Murrieta by JADE Enterprises for approximately $56.6 million ($169/SF) in September. The 350,000 SF shopping venter is anchored by Burlington Coat Factory, Ross, Marshalls, and Rite Aid. The 11-property shopping center, was purchased U.S. Realty Partners Inc. and has frontage along the Interstate 215 freeway and close

SOUTH RIVERSIDE RETAIL AT A GLANCECurrent Quarter

Malls

Power Center

Neighborhood Center

Strip Center

General Retail

Other

Submarket

RBA

1,715,687

1,881,512

16,139,255

2,462,428

7,948,446

618,811

30,765,139

Annual Trends

Vacancy Change (YOY)

Net Absorption SF

Deliveries SF

Rent Growth

Sales Volume

12 Monts

-0.1%

255 K

228 K

4.2%

$ 316 M

AvailabilityRate

6.9%

7.1%

8.3%

10.2%

6.6%

31.0%

8.3%

Peak

9.4%

1,962,118

2,036,657

5.2%

$309.7 M

Deliveries SF

0

0

0

0

0

0

0

Trough

15.2%

(136,575)

30,195

-10.6%

$62.8M

Net AbsorptionSF

(18,121)

0

28,373

(617)

(34,069)

0

(24,434)

When

2009 Q3

2007 Q1

2007 Q1

2017 Q4

2018 Q1

UnderConstruction

0

0

147,819

9,300

121,220

0

278,339

When

2007 Q1

2011 Q2

2010 Q4

2009 Q3

2009 Q3

VacancyRate

3.7%

4.4%

7.2%

9.3%

3.8%

24.5%

6.1%

HistoricalAverage

7.5%

441,137

499,247

-0.9%

$185.6M

Asking Rent

$3.12

$2.34

$1.90

$1.59

$1.54

$1.47

$1.87

ForecastAverage

7.2%

215,072

317,498

1.5%

N/A

12 Mo Deliveries in SF

228 K12 Mo Net Absorption in SF

255 KVacancy Rate

6.5 %12 Mo Rent Growth

4.2 %

SQUAW MT. SITE

09

12 Mo Rent Growth

4.2 %

1,700 ROOFS 1,317 ROOFS

1,561 ROOFS 12,000 ROOFS 400 ROOFS

12 Mo Deliveries in SF

228 K

12 Mo Net Absorption in SF

255 K

Vacancy Rate

6.5 %

10

GLEN IVYHOT SPRINGS

EAGLE GLENGOLF COURSE

1 MILE.5 MILE 6 MILESTOM FARMS

SITESITE

AMENITIES MAP

11

DEMOGRAPHICS

2017 Summary

Population

Households

Families

Average Household Size

Owner Occupied Housing Units

Renter Occupied Housing Units

Median Age

Median Household Income

Average Household Income

 

2022 Summary

Population

Households

Families

Average Household Size

Owner Occupied Housing Units

Renter Occupied Housing Units

Median Age

Median Household Income

Average Household Income

5 Miles

35,733

10,973

9,127

3.26

9,329

1,643

36.9

$102,958

$126,275

 

 

38,539

11,764

9,768

3.28

9,953

1,811

37.1

$113,837

$146,027

1 Mile

3,551

1,400

1,071

2.54

1,220

180

47.9

$76,095

$91,416

 

 

3,694

1,455

1,112

2.54

1,264

191

48.0

$79,588

$102,454

3 Miles

17,827

5,709

4,560

3.12

4,848

861

38.3

$101,753

$123,912

 

 

19,630

6,222

4,968

3.15

5,258

964

38.3

$112,850

$143,296

1 Mile

3 Miles

5 Miles

12

SAN DIEGOSAN DIEGO

SAN FRANCISCOSAN FRANCISCOLEGENDLA COUNTY 30 MILES

DOWN TOWN LA 56 MILES

SAN DIEGO COUNTY 25 MILES

DOWN TOWN SAN DIEGO 87 MILES

ORANGE COUNTY 25 MILES

HUNTINGTON BEACH 44 MILES

SAN FRANCISCO 462 MILES

HUNTINGTONBEACH

HUNTINGTONBEACH

LOS ANGELESLOS ANGELES

SITESITE

DISCLAIMERStance Real Estate obtained the following information above from sources we believe to be reliable. However, Stance Real Estate have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. Stance Real Estate include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and