1 Margarita Road, Temecula CA, 92592

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Sold

1 Margarita Road

Temecula CA, 92592

$7,100,000

$237.06 per sqft

Sold

29,950 sqft

Commercial

Built in 2007

Listed by Shawna Tibbitts with Coldwell Banker Assoc.Brkr-Mu 951-698-2323

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

SW14201611

MLSⓇ ID

March 18, 2024

Updated

Interior Features

Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 2.6 Acres
Lot Features: Corner Lot, Lot Over 40000 Sqft, Paved

Other Property Details

Area Name: SRCAR - Southwest Riverside County
Days on Market: 350
Garage: No
View: No
County: Riverside
Water Source: Public

Listing Contact: 951-698-2323

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/18/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/18/2024 at 6:09 PM UTC