Colliers finalized the $40.5-million sale of Gateway at Menifee, a 229,934-square-foot industrial facility located at 33520 Zeiders Rd. in Menifee. The property is Building 3 within the five-building industrial complex, formerly known as Scott Road Commerce Center.
EVP Rick Nunez, SIOR, associate Mateo Mobilia and senior client services specialist Michael Romero represented the buyer, Temecula-based logistics and distribution company Southwest Traders), in the acquisition of the asset from the seller, Scott Road Property, LLC. The deal moved at an accelerated pace, with escrow opening in May 2026, and both parties executed a quick close.
“The Menifee facility represents a critical next step in our growth strategy,” said Terry Walsh, president of Southwest Traders. “It will allow us to scale our operations and expand our regional logistics footprint. In addition to the acquisition, we plan to invest approximately $25 million to retrofit a portion of the building into a state-of-the-art refrigerated distribution center.”