Unique opportunity to purchase a national credit, NNN ground leased, industrial land investment in Moreno Valley, California. This approximately 2.665 acre site is leased to Wabash National for an initial 3 year term with two (2) three (3) year options to renew. Wabash currently owns the adjacent 2.7 acre site and another adjacent 19.12 acre site with an approx. 87,987 SF warehouse solidifying their presence in the market and long term vision for this site. Solid cash flow deal with no Landlord responsibility.
Excellent location in Moreno Valley with immediate access to the I-215 on both Alessandro Blvd. and Cactus Avenue. Current Moreno Valley Distribution & Manufacturing occupants include Amazon, Ross Dress for Less, Proctor & Gamble, Harbor Freight Tools, Walgreens, Sketchers, O'Reilly Automotive, Serta Simmons Mattress, Deckers Outdoor, Wabash/Supreme Truck Bodies, ALDI, Masonite Doors and Karma Automotive among others.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
