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

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SOLD
$10,900,000

California

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Office86,882 SF
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Property Image
SOLD

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

43379 Business Park Dr, Temecula, C...

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Office86,882 SF
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$125
Total Square Footage:86,882 SF
Transaction Type:Sale

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.

Players

Chris Rhinesmith
11 deals$101.3M volume(617) 967-0987
BROKER

Details

SOLD
IMAGE: 43379 Business Park Dr, Temecula, C... MARKET: Temecula BUYER'S REP: Chris Rhinesmith-Compass BUYER: Private Investor SELLER: Private Investor PRICE: $10,900,000.00 SF: 86882

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Debt Service Coverage Ratio (DSCR)

0.94x

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