Property Highlights

Property Type: Commercial Development Opportunity
Size: 28.06 Acres
Parcel Number: 290-050-030
Zoning: Scenic Highway Commercial (C-P-S)
Topography: Flat/Slight Slope
County: Riverside County
Sub Market: South Corona Temescal Valley

 

PROPERTY SUMMARY

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

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Demographics

2017 Summary 1 Mile 3 Miles 5 Miles
  • Population
  • Households
  • Families
  • Average Household Size
  • Owner Occupied Housing Units
  • Renter Occupied Housing Units
  • Median Age
  • Median Household Income
  • Average Household Income
  • 3,551
  • 1,400
  • 1,071
  • 2.54
  • 1,220
  • 180
  • 47.9
  • $76,095
  • $91,416
  • 17,827
  • 5,709
  • 4,560
  • 3.12
  • 4,848
  • 861
  • 38.3
  • $101,753
  • $123,912
  • 35,733
  • 10,973
  • 9,127
  • 3.26
  • 9,329
  • 1,643
  • 36.9
  • $102,958
  • $126,275

2022 Summary 1 Mile 3 Miles 5 Miles
  • Population
  • Households
  • Families
  • Average Household Size
  • Owner Occupied Housing Units
  • Renter Occupied Housing Units
  • Median Age
  • Median Household Income
  • Average Household Income
  • 3,694
  • 1,455
  • 1,112
  • 2.54
  • 1,264
  • 191
  • 48.0
  • $79,588
  • $102,454
  • 19,630
  • 6,222
  • 4,968
  • 3.15
  • 5,258
  • 964
  • 38.3
  • $112,850
  • $143,296
  • 38,539
  • 11,764
  • 9,768
  • 3.28
  • 9,953
  • 1,811
  • 37.1
  • $113,837
  • $146,027

The Squaw Mountain site is ideal for many development visions. Our assumptions are based on an Underserved Growing Senior Living Population.” Vons and Traders Joes are located approximately 3 miles north and south of the subject, leaving an under-served market 7.5 miles to closest dialysis clinic, 6 miles to closest pharmacy, 7 miles to closest US Post office, C-P-S Scenic Highway Commercial Specific wholesale and retail commercial.

No setbacks required for permitted commercial uses under 35 feet in height. Any portion of a building which exceeds 35 feet in height shall be set back from the front, rear, and side lot lines not less than 2 feet, for each foot by which the height exceeds 35 feet. Max structural height is between 50 – 75 feet.

Recommended Retail Strategic Positioning— Neighborhood Shopping Center. A grocery anchored center with a tenant that offers both grocery and drugs is recommended. Acreage should allow for standalone parcels that cater to NNN banking, nutrition center, and tenants that will pay a premium of the scenic views.

In-line tenancy will focus on experiential retail include:
Optometrist Dentist Office, Pharmacy VA Clinic, Medicare/Medicaid office, Financial advisory institutions, Dry cleanings, Hardware, Mail and Locksmith.

Estimated Costs
  • Purchase Price
  • Improvements
  • Interest Reserve
  • Closing Costs
  • Total Costs
  • Development Retail (SF)
  • Hard and Soft Costs ($/SF)
  • Total Improvements
  • $ 14,000,000
  • $ 26,000,000
  • $ 600,000
  • $ 600,000
  • $ 41,200,000
  • 200,000
  • $ 130
  • $ 26,000,000

Estimated Rents
  • Anchor SF
  • Inline SF
  • Anchor Rent/SF (NNN)
  • Inline Rent/SF (NNN)
  • Total Rent
  • 80,000
  • 120,000
  • $ 10
  • $ 25
  • $ 3,800,000

Estimated Cash Flows $/SF
  • Gross Potential Rent
  • Vacancy
  • Effective Gross rent
  • Operating Expenses
  • Net Operating Income
  • $ 3,800,000
  • (190,000)
  • $ 3,610,000
  • $ (361,000)
  • $ 3,249,000
  • 19
  • -1
  • 18
  • -2
  • 16

Estimated Returns $/SF
  • Stabilized Cap Rate
  • Stabilized Valuation
  • Net Unievered Profit
  • Unlevered Return on Capital
  • 6%
  • $54,150,000
  • $12,950,000
  • 31%
  • 271
  • 65

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