Private Investor Acquires Fully Leased Retail Property In Murrieta For $5 Million

The retail property located at 27970 Clinton Keith Road in Murrieta has been sold for $5,000,000. The asset encompasses 5,128 square feet and is situated on a 26.3-acre plot within The Vineyard Shopping Center. It is fully leased to Verizon Wireless and Chipotle, both operating on 10-year corporate-guaranteed triple-net leases.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,000,000
• Square Footage: 5,128 SF
• Price Per Square Foot: $975
• Address: 27970 Clinton Keith Road, Murrieta
• Asset Size: 26.3 Acres
• Brokers Involved: Matthew Mousavi, Patrick Luther & Winston Guest - SRS Real Estate Partners

SRS Real Estate Partners facilitated the transaction between a California-based developer and a private investor, overseeing the successful sale of the fully leased building in Murrieta, CA.