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Global Commerce Center - 29970 Technology Drive

Off-Market

29970 Technology Drive, Murrieta, CA 92563

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  • Property Type Office - General Office
  • Property Size 55,363 SF
  • Lot Size 2.86 Acre
  • Parking Spaces Avail. 221
  • Parking Ratio 4.00/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 2006

Location

  • Walk Score ® Somewhat Walkable (52)
  • Bike Score ® Somewhat Bikeable (24)
Powered by Walk Score ®
  • City Murrieta, CA
  • Zip Code 92563
  • Market Inland Empire

Points of Interest

Vons 2660 Fuel Station

0.56 miles

Speedway

0.69 miles

USA Gasoline

0.77 miles

76

1.22 miles

Arco

1.58 miles

7-Eleven

2.13 miles

Shell

2.21 miles

Chevron

2.28 miles

Shell

2.35 miles

Chevron

2.42 miles

Staff & Visitor Parking

1.58 miles

Student Parking

1.64 miles

Staff Parking

1.65 miles

Public / Juror Parking

1.75 miles

Valet Parking

2.57 miles

East Parking Garage

2.68 miles

Employee Parking

2.75 miles

West Parking Garage

2.76 miles

Costco Tire Center Parking

2.90 miles

Promise Lutheran Church Park & Ride

2.91 miles

Quality Inn Temecula Valley Wine Country

3.05 miles

Fairfield Inn & Suites

3.15 miles

Extended Stay

3.30 miles

Residence Inn by Marriott Temecula Murrieta

3.35 miles

Residence Inn by Marriott Temecula Murrieta

3.35 miles

Courtyard by Marriott Temecula Murrieta

3.35 miles

Holiday Inn Express

3.36 miles

Courtyard by Marriott Temecula Murrieta

3.37 miles

Best Western

3.47 miles

Best Western Country Inn

3.48 miles

Rustico Ristorante & Pizzeria

0.56 miles

Taco Bell

0.62 miles

Panda Express

0.63 miles

Ohana Hawaiian BBQ

0.63 miles

Subway

0.71 miles

McDonald's

0.74 miles

Los Primos

0.74 miles

Little Caesars

0.77 miles

Subway

1.23 miles

Sonic

1.29 miles

West Coast Krav Maga

0.06 miles

Warm Springs Middle School

0.95 miles

Monte Vista Elementary School

1.21 miles

Nicolas Valley Elementary School

1.21 miles

Alamos Elementary School

1.55 miles

Daniel N. Buchanan Elementary School

1.60 miles

Ysabel Barnett Elementary School

1.68 miles

Chaparral High School

1.75 miles

Alta Murrieta Elementary School

1.82 miles

Bella Vista Middle School

1.83 miles

Tutor Time Learning Center

1.37 miles

Promise Lutheran Church & Preschool

3.01 miles

Heritage Learning Center

3.43 miles

Child's Play

5.13 miles

Discovery Isle

5.71 miles

Discovery Isle

5.89 miles

Early Works Child Development Center

6.13 miles

KinderCare

6.13 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 01 Aug, 2011
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Murrieta

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Murrieta Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $26.32
  • 2020 Office Vacancy Rate 7.09%
  • 2020 Office Completions (SF)
View more Murrieta market trends

Tax

  • Property Tax in 2021-2022 $52,567
  • Market Value* $5,051,628
  • Assessed Value $5,051,628

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Global Commerce Center - 29970 Technology Drive?

Global Commerce Center - 29970 Technology Drive totals 55,363 square feet.

When was this property built?

Global Commerce Center - 29970 Technology Drive was built in 2006.

When was Global Commerce Center - 29970 Technology Drive last sold?

Global Commerce Center - 29970 Technology Drive was last sold on 01 Aug, 2011.

What is the property tax for Global Commerce Center - 29970 Technology Drive?

The property tax for Global Commerce Center - 29970 Technology Drive in 2021-2022 was $52,567.

What is the market value for Global Commerce Center - 29970 Technology Drive?

The market value* for Global Commerce Center - 29970 Technology Drive in 2021-2022 was $5,051,628.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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