1. Loan Purpose:
Borrower, business owner, and successful Mortgage Vintage borrower sought a Business Purpose purchase 1st Trust Deed loan to purchase this commercial property in San Jacinto. Borrower operates, an e-commerce business that specializes in western apparel and accessories for men, women, and children. In addition to clothing, they also offer pet-related products, catering to a diverse customer base interested in western lifestyle items. The business maintains an active presence on social media platforms, including Facebook and Instagram, where they share updates on new arrivals, promotions, and other store-related news.
2. Property Description:
The subject property is a freestanding industrial building located at 121 North Dillon Avenue in San Jacinto, Riverside County, California. Situated on a 13,939 square foot parcel (approximately 0.32 acres), the property features a concrete tilt-up structure encompassing 5,772 square feet of net rentable area. Constructed in 2006, the building is classified as Class “B” in terms of construction quality and is in good overall condition with no apparent deferred maintenance.
The property is zoned OP (Office Park), a flexible zoning designation that permits a variety of uses, including light industrial operations. The site is rectangular in shape, level with the street grade, and benefits from good access and visibility along North Dillon Avenue. It is located within flood zone X, indicating minimal flood risk and no requirement for flood insurance. On-site improvements include paved parking for 12 vehicles and functional ingress and egress from the surrounding roadway network.
Designed for single-tenant occupancy, the building’s interior features a reception area, two offices, a storage room, one restroom, and a warehouse area, all supported by central HVAC, recessed lighting, and a security/fire alarm system. At the time of the appraisal, the property was under contract for sale and was intended to be 100% owner-occupied at the close of escrow.
The property’s location within the growing community of San Jacinto supports its continued industrial use. Surrounding land uses include a mix of commercial, retail, and residential development, and the area has experienced steady population and household income growth. With its modern construction, good condition, and favorable zoning, the subject represents a well-located, functional industrial asset suitable for owner occupancy or investment purposes.
What We Like:
- Successful Mortgage Vintage borrower
- Investor Yield of 10.50%
- $279,250 Down Payment on Purchase
- 1st TD
