Moreno Valley Property Sold For $21M With Seller's Rep Charles Simpson Of Colliers International

The transaction involved the sale of Moreno Beach Plaza II, a shopping center located at 27610 Eucalyptus Ave, Moreno Valley. The property was sold for $21,000,000. The retail center has a size of 82,340 square feet and is situated on a 9.1-acre lot. At the time of sale, the property was 96 percent occupied, with tenants including LA Fitness, AutoZone, Carl’s Jr., and Panda Express.

Summary of transaction details:

• Property Type: Retail Center
• Transaction Amount: $21,000,000
• Address: 27610 Eucalyptus Ave, Moreno Valley
• Market: Moreno Valley
• Square Footage: 82,340 SF
• Seller's Representative: Charles Simpson - Colliers International
• Buyer: Undisclosed
• Property Occupancy Rate: 96%

The seller was represented by Charles Simpson and his team from Colliers, which included El Warner, Caitlin Zirpolo, and Jordan Gomez. The asset was sold by a West Coast-based investment firm to an undisclosed buyer.