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Poincare Group Acquires Retail Property In Temecula For $26.1M

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SOLD
$26,100,000

California

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Poincare Group Acquires Retail Property In Temecula For $26.1M

41501 Margarita Rd, Temecula, CA, 92...

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Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Sale

The retail assets involved in the transaction are Bel Villaggio I-II and Bel Villaggio III, located at 41501 and 41221-41493 Margarita Road in Temecula, California. The properties, spanning over 16.3 acres, were sold by Pathfinder Partners to Poincare Group for $26.1 million. Situated adjacent to Costco and Promenade Temecula, these retail assets offer a prime commercial location in the Temecula market.

Summary of transaction details:

Kirk Brummer, Sean Heitzler, and Philip D. Voorhees, representing CBRE’s National Retail Partners-West, facilitated the transaction as the seller's representatives. The acquisition of Bel Villaggio I-II and III marks a significant deal in the Temecula retail market, showcasing the expertise and negotiation skills of the involved parties.

Players

Sean Heitzler
5 deals$107.1M volume
BROKER

Philip Voorhees
CBRE
12 deals$361.4M volume
BROKER

Kirk Brummer
Kidder Mathews
5 deals$168.3M volume(949) 295-7262
BROKER

Details

SOLD
IMAGE: 41501 Margarita Rd, Temecula, CA, 92... MARKET: Temecula ASSET TYPE: Retail SELLER'S REP: Kirk Brummer(Kidder Mathews), Philip Voorhees(CBRE), Sean Heitzler(CBRE) BUYER: Poincare Group PRICE: $26,100,000.00

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

$1,392,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$92,727.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$123,727.32
Annual Debt Service$1,484,727.79