Private Investor Acquires Property At 43379 Business Park Dr Temecula For $10.9M With Chris Rhinesmith

The property asset involved in this transaction is Temecula Corporate Park, an office and industrial campus located at 43379 Business Park Dr, Temecula, California. The sale was completed for $10,900,000.00, translating to a price per square foot of $125.46. The asset encompasses 86,882 square feet, built in 2002, on a 6.1-acre site. The campus includes a two-story office building along with three single-story industrial buildings and is 97 percent occupied.

Summary of transaction details:

• Property Type: Office and Industrial Campus
• Transaction Amount: $10,900,000.00
• Square Footage: 86,882 SF
• Address: 43379 Business Park Dr, Temecula, California
• Market: Temecula
• Buyer's Representative: Chris Rhinesmith - Compass
• Buyer: Private Investor
• Seller: Private Investor

The deal involved brokers Alan Pekarcik and Chris Smith from Avison Young, who represented both the buyer and seller during the transaction. The buyer is based in Los Angeles, while the seller is located in Orange County, California.