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SRS Real Estate Partners Completes Sale Of Retail Asset In Temecula For $9.8 Million

Property Image
SOLD
$9,800,000
John Redfield
Joseph (Joe) Chichester

California

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Retail30,057 SF
Sold 10/14/2025
the dealplayerscompscontact
Property Image
SOLD

SRS Real Estate Partners Completes Sale Of Retail Asset In Temecula For $9.8 Million

32909 Temecula Parkway

See Similar Deals
Retail30,057 SF
Sold 10/14/2025
John Redfield
Joseph (Joe) Chichester
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$326
Total Square Footage:30,057 SF
Transaction Type:Sale

The asset involved in this transaction is a retail property located at 32909 Temecula Parkway in Temecula, California. The sale price for this property was $9,800,000, encompassing a total square footage of 30,057. The property sits on 4.1 acres of land, with a price per square foot (PPSF) of $326.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $9,800,000
  • Square Footage: 30,057
  • Address: 32909 Temecula Parkway
  • Market: Temecula
  • Acres: 4.1
  • PPSF: $326
  • Brokers: Joe Chichester & John Redfield - SRS Real Estate Partners

SRS Real Estate Partners, represented by brokers Joe Chichester and John Redfield, completed the sale, which was part of a four-parcel disposition totaling $26.46 million. The brokers executed a break-up strategy that enhanced the value of the center by $6.8 million over a 3.5-year hold period, representing the private seller in this transaction.

Players

Joseph (Joe) Chichester
SRS Real Estate Partners
Joseph Chichester
7 deals$92.9M volume(949) 258-7869
BROKER
John Redfield
SRS Real Estate Partners
John Redfield
13 deals$557.8M volume
BROKER
SRS Real Estate Partners
SRS Real Estate Partners
BROKERAGE

Details

SOLD
IMAGE: Joe Chichester & John Redfield DATE: 10/14/2025 ADDRESS: 32909 Temecula Parkway MARKET: Temecula ASSET TYPE: Retail ~ ACRES: 4.1 BROKERS: Joe Chichester & John Redfield - SRS Real Estate Partners (@SRSRealEstatePartners) SALE PRICE: $9,800,000 SF: 30,057 ~ PPSF: $326 NOTE: SRS Real Estate Partners completed the $9.8 million sale of a 30,057-square-foot Fitness 19 property within Butterfield Station in Temecula, California, marking the final piece of a four-parcel disposition totaling $26.46 million. Led by Joe Chichester and John Redfield, SRS represented the private seller and executed a break-up strategy that increased the center’s value by $6.8 million over a 3.5-year hold period.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$522,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,817.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,457.00
Annual Debt Service$557,484.00