26035 Palomar Rd 32,000 SF 100% Leased Industrial Building Menifee, CA 92585 $8,358,071 CAD ($261.19 CAD/SF) 6.35% Cap Rate

This 32,000 square foot freestanding metal building sits on 2.02 acres and was constructed in 2004. Zoned Business Park (BP) per the City of Menifee (buyer to verify), the property is fully leased to two tenants and offers a strong investment profile with potential owner-user opportunity. The building is equipped with 1,000 amps of 120/208V 3-phase power (verify), clear heights ranging from approximately 15 to 17 feet, and six ground-level doors ranging in size from 12'x14' to 22'x14'. Additional features include a large secured yard, ±4,110 square feet of bonus mezzanine storage, an insulated roof with skylights, and fire sprinklers rated at .30/2,500 SF.
Unit A is occupied by American Medical Response (AMR), which leases 16,000 SF through October 31, 2029, at a rate of $18,415.23/month ($1.15/SF) under an AIR Multi-Tenant Gross lease with fixed annual increases of $480. AMR operates over 180 locations nationwide with a workforce of more than 37,000, providing both emergency and non-emergency medical transport services. Unit B, also 16,000 SF plus mezzanine, is leased to Metrea Aerospace through February 28, 2026, at $19,520/month ($1.22/SF), also under an AIR Multi-Tenant Gross lease. The company offers defense and aerospace services including aerial refueling and aviation support, and is headquartered in Washington, D.C. with 17 global locations. With Metrea’s lease expiration approaching and no renewal options, the property presents a compelling opportunity for a potential owner-user.
Strategically located at the intersection of Palomar Road and Bishop Lane near Highway 74 and I-215, the property enjoys excellent visibility within a prominent industrial corridor. It is surrounded by national retailers and service providers including Goodyear, Starbucks, Circle K, Jack in the Box, Subway, and Home Depot.