27073 Newport Road

Starting Bid: $325,000
  Reserve not met. What's this?
Reserve Price Set

The seller has set a reserve price for this property. The seller is obligated to sell the property to the highest bidder who meets or exceeds the reserve price.
Cap Rate: N/A What's this?
Cap Rate

Capitalization rate (Cap Rate) is a measure of the ratio between the net operating income produced by the property and its sale price. Because property taxes will adjust based on the final sales price, the Cap Rate can either be current or a future estimate. Please contact the Listing Broker to understand how the Cap Rate is calculated for this property.
Per SF: $3.97 per SF
Start Time: TBD
End Time: TBD
  Or 5 minutes after the last bid. Why?
End Time 5 minutes after the last bid

The Auction Period will end at the specified End Time or 5 minutes after the last bid is entered. This prevents last-minute bidders from winning the auction without giving other bidders ample opportunity to bid.

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Property Overview

View Full Property Details
Name: Newport & Bradley Road    
Address: 27073 Newport Road
Menifee, CA 92584 		view map  
Type: Land
Site Area: 81,893 SF
Zoning: Commercial (CPS)
Preferred Lender: Pacific Alliance Bank    
Highlights:
  • +/- 1.88 acre development opportunity
  • Zoned commercial (CPS)
  • Fully approved plans for a restaurant and office buildings (expired January 23, 2009)
  • +/-32,000 residential units proposed within the trade area
  • Utilities available in Newport Road (buyer to verify)
  • Only small commercial site available on Newport Road
  • Corner parcel sold in 09/04 for $15.65/SF
  • Close proximity to brand new 700,000+ square foot Countryside Marketplace, which includes Target, Lowe's, Kohl's, Best Buy and Staples

Thank you

Bids are not accepted at this time.

The Auction will be held January 14, 2999 from 11:00 AM to 03:00 PM.

Please return during that period to place your bid.

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Terri Pebley Delhamer
CA LIC: 01007118
terri.delhamer@grubb-ellis.com
951-252-7889

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