Brennan JV acquires 160,561sf manufacturing and distribution building in Temecula, Calif.
Brennan Investment Group has partnered with Walker & Dunlop Investment Partners (WDIP) to acquire a freestanding manufacturing and distribution facility totaling 160,561 square feet in the Rancho California Business Park at 43195 Business Park Drive in Temecula, Calif., within the southern Inland Empire and northern San Diego submarkets. Furniture City will lease the building back on a short-term basis as they build a larger facility in another market.
The dual-purpose warehouse manufacturing design includes a heavy power system of 4,000 amps at 480 volts, 24-foot clear ceiling heights and eight dock doors with three ground-level doors. The property sits on 11.5 acres and has a secure fenced yard spanning 1.5 acres, providing ample outdoor space for additional truck and trailer parking. The facility also includes 15,000 square feet of office space and an additional 15,000 square feet of HVAC production area to accommodate diverse business needs.
“The Temecula facility will provide tenants with a lower price alternative, compared to its neighbors to the north and to the south, with a strong labor pool,” said Tim Gudim, managing principal for Brennan’s West Coast market. “High occupancy rates and strong tenant demand were key considerations in making our investment decision.”