Scott Road Commerce Center
76,000sf building and 40 adjacent acres with plans for another 625,000sf in Menifee, CA.
Acquired in 2021 and sold in two separate transactions in 2023. Acquired an existing 76,000sf building and 40 adjacent acres with plans to build another 625,000sf. Built a 2nd 84,000sf building and leased it to 100%. Sold the 33 acres to a national developer (Phase 2 on graphic). Sold the two fully leased buildings (Phase 1 on graphic) to a publicly traded industrial REIT.