Mike Strode with Lee & Associates

Our French Valley Grand Opening Premiere was a fabulous event with great food and music. We had over 100 people attend including Chuck Washington our County Supervisor and Jeff Stone our State Senator.

Not since the Repeal of the 18th amendment on December 5th, 1933 has there been such a significant law to come into effect as the new Cannibis measure which will take effect tomorrow on December 29th. In general terms the ordinance will allow 10 licenses to be obtained. Five in the M1 Light Industrial zone and five in the M2 heavy industrial zone. All Cannibis operations from growing to dispensaries must be integrated under one roof. Our listing team at Lee and Associates Co...mmercial Real Estate Services Riverside is representing the Fairway Pacific Business Park in Lake Elsinore where we have buildings ranging in size from 20,891 sf to 50,774 sf. Currently, all of the buildings are spoken for and are in escrow. Phase II was recently submitted to the City and will consist of 7 buildings for sale/lease in sizes from 8,000-17,000 sf. According to our most recent survey of industrial buildings for Lake Elsinore, the vacancy rate for buildings from 5,000-50,000 sf is basically 0%. With the impending Cannibis Ordinance about to take effect, our listing team probably gets about 10 calls a week for Cannibis type businesses looking for a place to operate. The irony in this situation is that there are no current available vacant buildings for any of the prospective licensees hoping to obtain a license from the City. Rumors are that the annual costs for the licenses will exceed $500k per year. Further complicating matters is that no licenses can be applied for without an address for the business operations. This is going to get real interesting in the coming year. Look for prices on these buildings both for lease and sale to increase exponentially in the short term. The City of Lake Elsinore is going to make a lot of money which will hopefully go to funding a lot of needed infrastructure within the City limitsof course provided that these Cannibis business operators can find places to work out ofwe shall see! See more

For Sale: 9,265 SF Freestanding Commercial Building 26059 Jefferson Ave, Murrieta, CA 92562... BUILDING HIGHLIGHTS: EXCELLENT VISIBILITY FROM JEFFERSON AVENUE WITH 29,000 CARS PER DAY POSSIBLE PRIVATE FENCED YARD RECEPTION, 2 PRIVATE OFFICES, 2 RESTROOMS, COFFEE BAR 20’ WAREHOUSE CLEAR HEIGHT 12’X14’ GL DOOR 400 AMPS, 277-480V, 3 PHASE ELECTRIC PRIOR CITY APPROVAL FOR SHOWROOM/RETAIL USES (BUYER TO VERIFY) IMMEDIATE OCCUPANCY PURCHASE PRICE: $1,715,000

Fairway Business Park 470, 480 & 490 3rd Street Lake Elsinore, CA 92530 20,891-50,774 SF... 3 Industrial Buildings for Sale/Lease See more

Commerce Pointe Of Menifee Industrial Buildings for Lease I-215 Freeway Visibility... Easy access from I-215 off ramp at Scott Road Close Proximity to Major Commercial & Retail Services Building 1, divisible from 11,624 SF - 72,835 SF (can accommodate most sizes in between) 5-10 Year Lease Terms Available Available 1st Qtr 2018 See more

French Valley Airport Center French Valley Airport Center presents a rare opportunity to take your business forward in Temecula Valley. Offering brand-new, high-quality and energy-efficient construction convenient for business owners, employees and customers alike. It’s a smart new business address and it’s like nothing Temecula Valley has seen before. 26 Premier Industrial Buildings... First Industrial Master-Planned Development in Temecula Valley in Over a Decade Next to French Valley Airport Buildings Range from 4,336 to 7,300 Sq. Ft. (Buildings May Be Combined Up To 25,400 Sq. Ft.) Optional Fenced-In Yards Modern Architecture and Efficient Floor Plans Close to Wineries, Shopping and New Homes See more