Colliers Acquires Retail Property In Temecula For $26.3M

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.