Updated Sep 24, 2026
Costco Wholesale Acquires 114 Acres Industrial Site In Menifee From Brookfield Properties For $260M
Highway 74 And Menifee Road
$260,000,000
Building Size
—
Asset Type
Industrial
Closing
Sep 10, 2026
About this deal
AI
This transaction includes an industrial asset encompassing 114 acres located at Highway 74 & Menifee Road in the Menifee market. The property was sold for $260,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $260,000,000
- Buyer: Costco Wholesale
- Seller: Brookfield Properties
- Brokers: David Noblitt - Newmark; Derek Heed - Colliers
- Date of Transaction: 09/10/2026
The deal involved Costco Wholesale as the buyer and Brookfield Properties as the seller, facilitated by David Noblitt and Derek Heed representing the parties in this transaction.
On the Map
$260,000,000
Industrial
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Players
Sun City Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93