DISCOVERY ISLE, VILLAGE @ PASEO DEL SOL

TEMECULA, CA

$6,800,000

13,155 SQ FT.

Discovery-Isle

AT A GLANCE

  • Seasoned regional tenant with over 15+ years at this location.

  • Extremely high child occupancy levels over tenure at this location.

  • Part of Paseo Del Sol shopping center, the dominant retail center in the trade area.

CHALLENGES

  • Over market rent.

  • The site suffers from poor street visibility, tucked in the rear of the center.

  • Short-term lease with only 3 years remaining.

MARKETING STRATEGY

  • Marketed to Faris Lee's proprietary 1031 Southern California investor tracking database.

  • Showcased the strength of the location and trade area.

  • Highlighted the historical occupancy and the extremely high child occupancy levels over tenure at this location.

RESULTS

  • Generated multiple competing offers from various buyer profiles.

  • Sourced buyer through Faris lee's proprietary 1031 Southern California investor tracking database.

  • Within 2 days of initial marketing, Faris Lee had negotiated pricing above seller expectations.