Updated Jul 1, 2026
DLC Management And DRA Advisors Acquire Retail Portfolio In Temecula For $255 Million
40450 Winchester Road
$255,000,000
$231/SF
Building Size
1,100,000 SF
Asset Type
Retail
Closing
Jun 30, 2026
About this deal
AI
A retail portfolio consisting of six properties was sold for $255 million in Temecula, CA. The total square footage of the retail assets amounts to 1,100,000, resulting in a price per square foot of $232. The properties included in the sale are approximately 95% leased at the time of closing.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $255,000,000
- Square Footage: 1,100,000
- Price Per Square Foot: $232
- Buyer: Adam Ifshin - DLC Management
- Buyer: David Luski - DRA Advisors
- Seller: John A. Kite - Kite Realty
- Market: Temecula, CA
DLC Management Corp. and DRA Advisors acquired the retail portfolio as part of their investment strategy, with Newmark advising the buyers on the acquisition and debt placement. Kite Realty divested these non-core assets as part of its capital recycling strategy.
On the Map
$255,000,000
$231/SF
Retail
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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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93