Updated Oct 29, 2024
CBRE Orchestrates $13.55M Sale Of Three Fully Leased Buildings In Temecula's Highland Business Center
40880, 40935 & 40945 Country Center Drive
$13,550,000
$199/SF
Building Size
68,068 SF
Asset Type
Industrial
Closing
Aug 9, 2023
About this deal
AI
A $13.55 million sale has been orchestrated by CBRE for three fully leased buildings in Temecula's Highland Business Center. The transaction involved a buyer from Beverly Hills engaged in a 1031 exchange. These buildings, totaling 68,068 sq. ft., offer amenities such as 14' clear heights, drive-in doors, and fiber-optic broadband access. They are strategically positioned for Southern California distribution routes.
Summary of Transaction Details
- Property Type: Industrial
- Sale Price: $13,550,000
- Square Footage: 68,068 sq. ft.
- Price Per Square Foot: $199
- Address: 40880, 40935 & 40945 Country Center Drive, Temecula
- Market: Temecula
Matt Pourcho and Matt Harris from CBRE were the brokers representing the seller, Providence Real Estate Group.
Players
Temecula 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
1.17%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93