Centers Dynamic Partners & United Growth Acquires Retail Property In Temecula For $20M
32881 Temecula Parkway, Temecula, California 92592, United States
$20,000,000
$285/SF
Building Size
70,000 SF
Asset Type
Retail
Closing
Apr 25, 2022
AI
A retail property located at 32881 Temecula Parkway in Temecula has been sold in a transaction valued at $20,000,000. The property spans 7.5 acres and offers a total square footage of 70,000. The sale was completed on April 26, 2022.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $20,000,000
- Address: 32881 Temecula Parkway
- Market: Temecula
- Size: 7.5 acres
The buyers in this transaction were Centers Dynamic Partners and United Growth. The property was sold by Vail Commercial Prop. The brokers involved in the deal were Joe Chichester and Matt Brooks from Faris Lee Investment.
Players
Temecula Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93