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MENIFEE, CALIF. — Temecula, Calif.-based foodservice distributor Southwest Traders (SWT) has acquired the 229,934-square-foot Building 3 within Gateway at Menifee, an industrial facility located at 33520 Zeiders Road in Menifee. The seller was an entity doing business as Scott Road Property LLC, and the sales price was $40.5 million.
The facility is situated within the five-building industrial complex formerly known as Scott Road Commerce Center. The buyer plans to invest approximately $25 million to retrofit a portion of the building into a state-of-the-art refrigerated distribution center.
Rick Nunez, Mateo Mobilia and Michael Romero of Colliers represented the buyer in the transaction.