Colliers Acquires Retail Property In Temecula For $26.3M
SOLD
$26,300,000
+ 2
California
See Similar DealsRetail80,553 SF
Sold 02/23/2021
SOLD
Colliers Acquires Retail Property In Temecula For $26.3M
31771 Rancho California Road, Temecula, CA, USA
See Similar DealsRetail80,553 SF
Sold 02/23/2021
+ 2
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$326
Total Square Footage:80,553 SF
Transaction Type:Sale
The retail property located at 31771-31962 Rancho California Road in Temecula was recently sold for a total price of $26,300,000. The transaction took place on February 23, 2021. The property spans across 80,553 square feet, resulting in a price per square foot of $326.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $26,300,000
- Square Footage: 80,553
- Price per Square Foot: $326
- Address: 31771-31962 Rancho California Road, Temecula
- Market: Temecula
The sale of this retail property was facilitated by the brokers El Warner, Caitlin Zirpolo, Charley Simpson, Jordan Gomez, and Peter Orth from Colliers. Their expertise and representation were instrumental in the successful transaction. This deal highlights the importance of professional brokers in closed property transactions.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,402,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$93,438.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$124,675.42
Annual Debt Service$1,496,105.01
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