MULTI-TENANT RETAIL/OFFICE, VILLAGE @ PASEO DEL SOL
8,620 SQ FT.
AT A GLANCE
Dense/in-fill location with high surrounding average household incomes ($113,000).
Diverse tenant mix of food, dental, and office tenants.
Opportunity to purchase a portion of the "dominant" retail center in the trade area / strong historical performance.
Buyer's broker specialized in residential real estate with minimal experience in commercial properties.
Lender requires 100% of tenants, including moms and pops, to provide notarized SNDAs.
Property featured a dark tenant, one vacancy, and month-to-month tenant.
Targeted local investors and 1031 trade buyers.
Highlighted strenght of the trade area in marketing package and eblasts.
Aggressive email and follow up call campaign to locate buyers.
Local buyer that owned a rance (2nd Home) in Temecula looking for an investment property in the trade area.
Worked closely with buyer's broker, buyer's lender, and buyer to ensure all parties were aligned throughout the transaction.
Close at an aggressive cap rate despite a dark tenant, one vacancy, and month-to-month rent.