Poincare Group Acquires Retail Property In Temecula For $26.1M
41501 Margarita Rd, Temecula, CA, 92...
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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:
- Property Type: Retail
- Transaction Amount: $26,100,000.00
- Address: 41501 and 41221-41493 Margarita Road, Temecula, CA
- Market: Temecula
- Seller's Reps: Kirk Brummer (Kidder Mathews), Philip Voorhees (CBRE), Sean Heitzler (CBRE)
- Buyer: Poincare Group
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.
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