The Ovaness-Rostamian Group of Marcus & Millichap is pleased to announce the successful sale of a single tenant Panera Bread in Temecula, CA. This retail property is located at 41793 Nicole Lane in Riverside County. The property spans approximately 4,850 square feet and was sold for a price of $4,500,000, yielding a price per square foot of $927. The transaction achieved a capitalization rate of 4.26%. The buyer, Bryce Brotman, acquired the property from the seller, Ramin Ganjianpour.

Summary of transaction details

• Property Type: Retail
• Sale Price: $4,500,000
• Square Footage: 4,850
• Price Per Square Foot: $927
• Market: Riverside County

The Ovaness-Rostamian Group, represented by Orbell Ovaness, Ara Rostamian, and Aren Ohanian, from Ovaness-Rostamian Group, facilitated the transaction between the buyer and seller. The sale of this Panera Bread location in Temecula, CA achieved a record-breaking low cap rate for a non-drive-thru Panera Bread nationally. The property comes with a corporate guarantee and has a remaining lease term of 5+ years, with early extensions allowing for a 10% increase every 5 years.

For more information about this deal and other opportunities, please visit the website of the Ovaness-Rostamian Group at www.OvanessRostamianGroup.com or contact them directly.