Undisclosed Address

Temecula, CA 92592

  • beds
  • baths
  • sq ft
  • 2.6 acres lot

$11,100,000

$7,100,000

  • Sold
  • MLS SW14201611

PROPERTY DESCRIPTION

We are pleased to offer for sale an established medical/grocery-anchored shopping center located in Temecula, CA. With 94% of the GLA occupied by national and regional tenants, investors are offered the rare opportunity to acquire a stabilized shopping center with strong initial returns plus upside. The shopping center consists of about 30,000 SF of GLA on 2.6 acres of land, and it is anchored by a huge chain Grocery Store, Medical Group, Dentist, Major Pizza Chain, and more. Eleven spaces total, 10 of which are currently occupied by solid tenants. Investors have the opportunity to obtain both Medical and Retail that is Shadow Anchored by Home Depot, Albertsons, Chase Bank, and many others, on busy HWY 79. The investment offers an excellent current cap rate of 5.7%, projected cap rate of much higher with upside through the lease-up and converting rents at lease rollover. Despite stable tenants and upside potential, the property is priced at just $11,100,000, offering good intrinsic value. In addition, most leases are full NNN, with reimbursements for both management and admin fees. Best street frontage, high traffic area, heart of Temecula shopping

PRESENTED BY

Shawna Tibbitts with Coldwell Banker Assoc.Brkr-Mu

Essential Information

  • MLS #
    SW14201611
  • Square Foot
    N/A
  • Days On Market
    350
  • Full Bathrooms
    N/A
  • Co-list Agent First Name
    N/A
  • Property Type
    Retail
  • Levels
    N/A
  • Status
    Sold
  • Half Bathrooms
    N/A
  • Co-list Agent Last Name
    N/A
  • Year Built
    2007
  • Price
    $11,100,000
  • Bedrooms
    N/A
  • Lot Features
    Lot Over 40000 Sqft,Paved

Interior Details

  • Interior Features
    N/A
  • Flooring
    N/A
  • Water Source
    Public
  • Utilities
    N/A
  • Kitchen Features
    N/A
  • Laundry
    N/A
  • Bathroom Features
    N/A

Exterior Details

  • Exterior Features
    N/A
  • Patio
    N/A
  • Roof
    N/A
  • Foundation Details
    N/A
  • Fence
    N/A
  • Patio And Porch Features
    N/A
  • Sprinklers
    N/A
  • ConstructionMaterials
    N/A

Amenities

  • Cooling Type
    N/A
  • Laundry
    N/A
  • Parking Spaces
    N/A
  • Pool Features
    N/A
  • Security Features
    N/A
  • Heating
    N/A
  • Laundry Features
    N/A
  • Garage Spaces
    N/A
  • View
    N/A
  • Fireplace Features
    N/A
  • Parking Features
    N/A
  • Private Pool
    N/A
  • Waterfront Features
    N/A

Home Owners Association

  • Association
    N/A
  • Association Name
    N/A
  • Association Fee
    N/A
  • Fee Frequency
    N/A
  • Association Amenities
    N/A

Community Information

  • City
    Temecula
  • State Code
    CA
  • Neighborhood
    N/A
  • Subdivision Name
    N/A
  • County
    Riverside
  • Zip
    92592
  • CommunityFeatures
    N/A
  • School District
    N/A

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Based on information from California Regional Multiple Listing Service, Inc. as of [SEE DATE BELOW] and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


This content last updated on 08/21/2018 02:49PM. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.