3 minute read
PRICE IMPROVEMENT
at $399,000
In conclusion, the rise of e-commerce has had a profound impact on the industrial real estate market in the Temecula Valley, creating new opportunities for growth and expansion. While the declining economy poses challenges, the region’s strategic location makes it one of the strongest industrial real estate markets in the country.
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Kidder Mathews is the largest, independent commercial real estate firm on the West Coast, with 900 real estate professionals and staff in 20 offices in Washington, Oregon, California, Nevada and Arizona. The company offers a complete range of brokerage, appraisal, asset services, consulting, project and construction management and debt equity finance services for all property types.
Submitted by Kidder Mathews.
Pride of Ownership
3 bedrooms, 2 baths + large bonus room. Come home to the beautiful 7 Hills 55+ community. New floor, new paint, new shower, custom closet shelving,2 car garage. All appliances are included and some furniture. Fruit trees in the large backyard. Low HOA. The community offers golfing, pools, a clubhouse, and planned events.
Offered at $390,000
Price Improvement
In Up Market Audi Murphy Ranch! Open modern-concept layout. Laminate hardwood floors & recessed lighting thruout. Family room w/fplc. Adjacent chef’s kit w/ custom hardwood cabinets, granite counters/backsplash, stainless applcs & center island w/ breakfast bar & pendant lighting. Upstairs loft area. Spacious bdrms w/ upgraded bathrooms. Large backyard.
Offered at $639,000
The newly developed property with a drive-thru opened its doors in 2023 and has a 20-year absolute triple-net corporateguaranteed ground lease in place. The freestanding building is within
Great Family Home
This is a very unique property with great potential! A 3BD, 2BA home with a large living room and family room with a wood-burning fireplace.
Offered at $425,000
French Valley Marketplace, 35958 Winchester Road, in French Valley. French Valley is in the Inland Empire market of Southern California in southwestern Riverside County, near the cities of Murrieta and Temecula.
SRS NNLG’s Managing Principals Matthew Mousavi and Patrick Luther and Vice President Jack Cornell represented the seller, a Southern California-based private developer. The buyer, a Southern California-based private investor, was represented by Austin Dias of Duhs Commercial. The closing cap rate was 3.48% which is one of the lowest for a McDonald’soccupied asset in Southern California this year.
French Valley Marketplace totals 78,000 sf and in addition to McDonald’s includes Grocery Outlet, Rite Aid, Eos Fitness, Chipotle and 7-Eleven among others.
“This most recent ground lease sale is part of a break-up strategy of French Valley Marketplace valued in excess of $40 million that SRS is conducting on behalf of the seller/developer,” Mousavi said. “We have sequentially been transacting the phases upon the leases going non-contingent and have additional phases to follow as the property completes buildout including the 7-Eleven site which is currently in escrow. With McDonald’s, we received multiple sub 4% cap offers ultimately transacting with an all-cash investor from Southern California.”
The site is less than one acre of land and is situated at the intersection of Winchester Road and Thompson Road. There are more than 151,000 residents and 22,000 employees within a five-mile radius of the property.
In 2022, SRS’ Investment Properties Group and National Net Lease Group completed more than $2.8 billion in deal volume comprising 705 transactions in 49 states. SRS currently has more than 550 properties actively on the market with a market value surpassing $2.8 billion.
Founded in 1986, SRS Real Estate Partners is building upon its retail foundation to provide extensive commercial real estate solutions to tenants, owners and investors. Headquartered in Dallas, with more than 25 offices in the U.S., SRS has grown into one of the industry’s most influential and respected leaders. The commitment to excellence is strengthened by their guarantee of value and our success is measured in the achievement of our clients’ objectives, satisfaction, and trust. For more information, visit http://srsre.com
SRS’ Investment Properties Group & National Net Lease Group is a unified platform of seasoned net lease professionals located and transacting nationally with all underwriting and marketing efforts strategically located in Southern California. From proactive sales to targeted acquisitions and tailored debt and equity solutions, SRS’ National Net Lease Group offers comprehensive services to net lease owners and investors. Superior speed-to-market, world-class marketing materials, a deep investor database and unparalleled retail submarket intelligence from the entire SRS platform allow SRS’ National Net Lease Group to deliver the best possible returns. For more information, visit http:// srsnnlg.com.
May 12 – 18, 2023