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FOR SALE REDEVELOPMENT OPPORTUNITY 27727 JEFFERSON AVENUE | TEMECULA | CALIFORNIA | 92590

FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

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Page 1: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

FOR SALEREDEVELOPMENT OPPORTUNITY

27727 JEFFERSON AVENUE | TEMECULA | CALIFORNIA | 92590

Page 2: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

Sales Advisors:

MATT SHAW, CCIM, Vice [email protected]# 01917622

Avison Young | 27555 Ynez Road, Suite 204Temecula, CA 92590951.267.2770 | avisonyoung.com

©Avison Young. All rights reserved. The information provded herein was obtained from sources deemed reliable and is believed to be true. It has not been verified, and as such, cannot be warranted

nor form any part of any future contract.

CODY LERNER, Vice [email protected]# 01994966

Page 3: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

• PROPERTY OVERVIEW

• LOCATION

• REDEVELOPMENT OPPORTUNITY

• AREA OVERVIEW

Page 4: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

• Rare landmark location at the signalized corner of

Jefferson and Via Montezuma, within the Uptown

Center District which allows for up to 8 stories of mixed use/

residential

• Highly visible existing retail/office building with

attractive aesthetics including mature landscaping,

prominent signage opportunities, generous parking ratio

and flexible floorplan options

• Highly flexible and customizable office and retail spaces

in shell condition

• Ideally located close to I- 15 & I-215 freeways for direct

access to the surrounding counties

• Located within Riverside County, where the apartments

vacancy rate is the seventh lowest in the nation

• Located near the vastly growing Temecula Valley

Wineries, Hotels and the expansion of Pechanga and

visitors that generate over $665 million annually

OPP

ORT

UN

ITY

OVE

RVIE

W

4 || 27727 Jefferson Avenue | Temecula | California | 92590

Page 5: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

PROPERTY OVERVIEW || 5

Page 6: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

6 || 27727 Jefferson Avenue | Temecula | California | 92590

Address: 27727 Jefferson Avenue

City: Temecula

State, Zip: California 92590

APNs: 921-400-029

Property Size: 17,558 square feet

Year Built: 1985

Stories: Single

Parking Ratio: 4.04 per 1,000 square feet; reserved spaces available.

Tenancy: Multi

Construction Type: Wood frame

Building Height: 17’

Zoning: C1, Temecula

PRO

PERT

Y D

ETA

ILS

Page 7: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

VIA MONTEZUMA

JEFF

ERSO

N A

VEN

UE

PROPERTY OVERVIEW || 7

EXISTING

SITE PLAN

Page 8: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

8 || 27727 Jefferson Avenue | Temecula | California | 92590

15

15

15

215

Win

ches

ter R

oad

Diaz Road

Ynez Road DePortola Road

Murrieta Hot Springs Road Butter�eld Stage Road

Nutmeg Street

Los Alam

os Road

Hancock Avenue

Calif

orni

a Oak

s Roa d

Paub a Road

La Ser

ena Way

Meadows Parkw

ay

Nicholas Road

Wh itewood Roa

d

Adams Road

Je�erson Avenue

Pourroy Road

Temecula Parkway

Pechanga Parkway

Vail R

anch Parkway

Anza Road

Rancho California Road

Margarita Ro ad

��������

��������

SantaMargaritaEcological

Reserve

LOCA

TIO

N M

AP

Page 9: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

PREMIER SOUTH WEST RIVERSIDE LOCATIONStrategically situated near the convergence of Interstate 215 & I-15 freeways with direct access to the Orange County, Riverside County and San Diego County marketplaces. Only 15 miles east of the Pacific Ocean and 4 miles south of the French Valley Airport.

Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire family. Additional area comforts include golf, resorts, wine country, Pechanga Resort and Casino and the Promenade Regional Mall.

Pechanga Resort and Casino offers hotel rooms, a resort-style pool complex, a large showroom which attracts A-list stars, a huge new spa, two new restaurants and abundant space for special events.

One of the fastest-growing and centrally-located business districts on the West Coast. The City of Temecula offers a cost-effective and business-friendly environment which provides access to a highly skilled labor force, high quality of living and a surplus of available affordable housing, making it a successful location for a wide variety of professional service firms and high technology companies.

Affluent trade area demographics with an average household income of $98,349 within a 5-mile trade area and $86,697 in a 3-mile trade area.

Temecula has strong future business growth potential and is poised to benefit from the influence of growing technology and biotechnology companies in the area.

15

15

15

215

Win

ches

ter R

oad

Diaz Road

Ynez Road DePortola Road

Murrieta Hot Springs Road Butter�eld Stage Road

Nutmeg Street

Los Alam

os Road

Hancock Avenue

Calif

orni

a Oak

s Roa d

Paub a Road

La Ser

ena Way

Meadows Parkw

ay

Nicholas Road

Wh itewood Roa

d

Adams Road

Je�erson Avenue

Pourroy Road

Temecula Parkway

Pechanga Parkway

Vail R

anch Parkway

Anza Road

Rancho California Road

Margarita Ro ad

��������

��������

SantaMargaritaEcological

Reserve

LOCATION OVERVIEW || 9

Page 10: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

10 || 27727 Jefferson Avenue | Temecula | California | 92590

RANCHO CALIFORNIA ROAD

WIN

CHES

TER ROA

D YNEZ ROAD

JEFFERSON AVENUE ADT 21,470 (2017)

THE PROMENADE TEMECULA

PALM PLAZA CENTER

TOWER PLAZA TEMECULA

TEMECULA TOWN CENTER

TEMECULA WINE COUNTRY

OLD TOWN TEMECULA

R

AM

ENIT

IES

Page 11: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

RANCHO CALIFORNIA ROAD

WIN

CHES

TER ROA

D YNEZ ROAD

JEFFERSON AVENUE ADT 21,470 (2017)

THE PROMENADE TEMECULA

PALM PLAZA CENTER

TOWER PLAZA TEMECULA

TEMECULA TOWN CENTER

TEMECULA WINE COUNTRY

OLD TOWN TEMECULA

R

LOCATION OVERVIEW || 11

Page 12: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

12 || 27727 Jefferson Avenue | Temecula | California | 92590

RED

EVEL

OPM

ENT

REN

DER

ING

S

Page 13: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

REDEVELOPMENT OPPORTUINITY || 13

Page 14: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

VIA MONTEZUMA

JEFF

ERSO

N A

VEN

UE

14 || 27727 Jefferson Avenue | Temecula | California | 92590

PRO

POSE

D S

ITE

PLA

N

Page 15: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

Margarita Road

Rancho California Road

Ynez Road

Je�erson Avenue

Te

mec

ula Pa

rkway

Ridge Park Drive

Business Par

k Driv

e

Remington Road

Zevo Drive

Rio Nedo

Via Industria

Overland Drive

Enterprise Circle

Date Street

Madison Avenue

Pear Street Eastman Drive

Corning Place

Elm Street

Reagan WayCherry Street

County Center Drive

Solana Way

Mercedes Road

Santiago Road

Pujol Street

Main St

Avenida Alvarado

Del R

io Road

Via Montezuma

Old Town Front Stre

et

Adams Avenue

Winchester Road

Dendy Parkwa

Diaz Road

Commerce Center Drive

French Valley Parkway

Murrieta Creek Bridge

Western Bypass

First Phase - Complete

In Process

Timing TBD

Second Phase - Estimated to begin late 2019/early 2020Third Phase - TBD

Tra�c Circulation Improvement Plans:

Western Bypass

Murrieta Creek Bridge

French Valley Parkway

*CLICK ON BANNERS FOR MORE INFORMATION

FUTU

RE ARTERIA

LS

REDEVELOPMENT OPPORTUINITY || 15

Page 16: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

Win

cheste

r R

oad Je�erson Avenue

Overla

nd Drive

Via Monte

zuma

Ynez Road

Rancho California Road

Diaz Road

Business Park Drive

Margarita Road

UPT

OW

N T

EMEC

ULA

The future vision for Uptown Temecula is a vibrant, pedestrian friendly, urban area that allows for a mix of uses, ranging from eight-story full-service hotels to multi-level residential, mixed and commercial uses; depending on the zoning district. Street enhancements are planned as development occurs to achieve human-scaled walk ability neighborhoods that will balance the needs of pedestrians, bicycles, cars and public transit. The creation of smaller blocks will support the mobility for those that live, work and play in the Uptown Temecula area and help create a destination for those visiting the area. Additionally, Uptown Temecula’s close proximity to Murrieta Creek, and its adjacent trails system,provides an added outdoor amenity.

The Plaza is located in the heart of the Uptown Temecula redevelopment plan within the Uptown Center District. The Uptown Center District is considered the employment hub of the specific plan area. The Uptown Center District is located along the main Jefferson Avenue arterial making it ideal location for commercial and retail uses.

Page 17: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

REDEVELOPMENT OPPORUTINITY || 17

UPTOWN SPORTS TRANSIT DISTRICTANTICIPATED USES

Hotel Convention/Retail Office Residential

MURRIETA CREEK RECREATION AND OPEN SPACEANTICIPATED USES

Trails & Trailheads Park facilities Sports courts/fields Picnic areas

UPTOWN CENTER DISTRICTANTICIPATED USES

Retail Office Residential

UPTOWN HOTEL & TOURISM CENTER DISTRICTANTICIPATED USES

Hotel Convention Restaurants Residential

CREEKSIDE VILLAGE DISTRICTANTICIPATED USES

Residential Neighborhood serving commercial/Retail

UPTOWN ARTS DISTRICTANTICIPATED USES

Art galleries Artist lofts/work space Performance venues Residential

Entertainment

CLICK HERE FOR MORE INFORMATION ON

UPTOWN TEMECULA

Page 18: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

Santa CatalinaIsland

Santa Monica

Pasadena

Pomona

Riverside

San Bernardino

Redlands

Moreno Valley

Perris

Temecula

VistaOceanside

Carlsbad

Ramona

Julian

Pine Valley

Ocotillo Wells

Salton City

Desert Shores

WarnerSprings

Aguanga

Anza

La Quinta Coachella

Palm DesertIndio

Palm Springs

Cathedral City

Pala

OcotilloJacumba

Hot Springs

Plaster CityAlpine

Chula Vista

La Mesa El Cajon

Escondido

Hemet

San Jacinto

Victorville

Barstow

Beaumont

Banning

Yucca Valley

Pioneertown

Desert HotSprings

TwentyninePalms

Menifee

Murrieta

Lake Elsinore

Irvine

Costa Mesa

Dana PointSan Clemente

Anaheim

Long BeachTorrance

LOS ANGELES

SAN DIEGO

San ClementeIsland

SaltonSea

Paci�c Ocean 15

15

15

10

10

10

10

15

15

5

8

8

5

5

110

710

215

215

210

210

405

405

405

605

805

60

18

91

74

78

52

125

94

94

78

79

79

74

74

62

86

111

371

76

73

1

101

138

241

CITY

OF

TEM

ECU

LA

5 MILES

10 MILES

20 MILES

Page 19: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

Temecula is a place of rolling vineyards, historic traditions and modern conveniences combined to offer entertainment for people of all ages. Covering 30,169 square miles, Temecula is centrally located between Los Angeles, Orange and San Diego Counties. Located along the I-15 and I-215 freeway corridor in Southwest California, just north of the San Diego county line.

With a population of more than 100,000, this city continues to build on its success; it attracts those who demand a high quality of life.

TEMECULA

AREA OVERVIEW || 19

Page 20: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

20 || 27727 Jefferson Avenue | Temecula | California | 92590

Branded as Southern California Wine Country, Temecula has award winning schools, higher educational opportunities, vast array of parks and trails, diverse shopping and dining options and beautiful residential communities. With its beautiful wine country, charming Old Town and four-diamond Pechanga Resort & Casino, Temecula remains a premier city within Southwest Riverside County

Located in the heart of Temecula, Old Town Temecula blends historic 1880’s buildings with over 640 antique dealers, unique shopping and restaurants. Old Town Temecula is the site of many special events including car shows, semi-annual Road Runs, Western Days and summer weekend entertainment and also home to the Temecula Museum which features exhibits about the local band of Native Americans and the local natural history and city development.

Page 21: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

Temecula has a perfect climate for serene and beautiful hot-air ballooning adventures and award-winning wineries nestled in 3,000 acres of picturesque wine country but that’s just the beginning. The community ’s mix of entertaining activities and friendly residents makes visitors want to return again and again.

The Temecula Valley boasts 153 holes at eight golf courses, including seven championship courses. The well-bunkered Oaks at Temecula Creek Inn is known for its tree-lined beauty and playability, while Pechanga’s Journey will take your breath away on the sixth hole, where the intimidating 175-yard drop may make your knees quiver during your tee shot.

One of “10 Best Wine Travel

Destinations of 2019”

The Pechanga Band of Luiseno Indians built the current Pechanga Resort and Casino complex in 2001 and began a $285 expansion project in 2016. Linked together in an architectural design that subtly highlights the tribe’s Luiseno culture, the facility includes a vast 188,000 square foot gaming floor, that makes Pechanga the biggest casino in California. Designed with player comfort in mind, the casino is equipped with a state-of-the-art filtration system and offers extensive non-smoking areas. Pechanga Resort and Casino is Temecula Valley’s largest employer, with over 4,000 people employed.

AREA OVERVIEW || 21

Page 22: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

22 || 27727 Jefferson Avenue | Temecula | California | 92590

VALLEY UNIFIE

D

TEMECULA

3,050 Employees

2,000 Employees

697Employees

900 Employees

650 Employees

600 Employees

408Employees

404 Employees

EMD

MIL

LIPO

RE

375 Employees

353 Employees

TOP

EMPL

OYE

RS

Page 23: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

Over the past two decades, the City of Temecula has evolved into a innovative, dynamic City and a regional economic center for Southwest Riverside County, all while retaining its small town feel and character. Many families began to move to the area from San Diego and Orange County drawn by the affordable housing prices and the popular wine country. Temecula is an affluent community. Supported by high median and mean income levels as well as the city’s favorable tourist and resort industries, the city is a prominent tourist destination. Temecula remains the ideal city for relocating, expanding and developing a new project in Southern California.

The Temecula / Murrieta Twin Cities area has emerged as a center for job growth due to the migration of new residents to this are from neighboring San Diego. As is common in newly developing ares of Southern California, this and initially caused the growth of retail and other population - serving businesses to grow in the community. The City of Temecula - in conjunction with the City of Murrieta - have since begun to undertake a proactive joint program to attract additional high technology firms and advanced manufacturing firms to the Twin Cities area. These efforts have been suppurated by the proximity to San Diego, the high quality of life, the affordable housing, affordable land and buildings, the highly acclaimed school system, the well-educated work force as well as the moderating effect of the sea breezes passing over the mountains between Southwest Riverside County and San Diego compared to other inland areas.

DEMOGRAPHICS3 Mile 5 Mile 10 Mile

POPULATION

64,490 171,771 332,278

MEDIAN HOUSEHOLD INCOME

$76,484 $83,632 $88,361

HIGH SCHOOL DEGREE OR HIGHER

90% 92% 92%

GRADUATE DEGREE OR HIGHER

30% 32% 31%

TOTAL EMPLOYEES

47,271 76,939 95,387

TOTAL BUSINESSES

4,745 7,561 9,789

AREA OVERVIEW || 23

Page 24: FOR SALE REDEVELOPMENT OPPORTUNITY · Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the entire

Sales Advisors:

MATT SHAW, CCIM, Vice [email protected]# 01917622

Avison Young | 27555 Ynez Road, Suite 204Temecula, CA 92590951.267.2770 | avisonyoung.com

©Avison Young. All rights reserved. The information provded herein was obtained from sources deemed reliable and is believed to be true. It has not been

verified, and as such, cannot be warranted nor form any part of any future contract.

CODY LERNER, Vice [email protected]# 01994966