The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 28, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
242k sf Portion of Temecula Regional Retail Center to Be Auctioned

8/20/15

Time to bid on a major retail asset in Temecula is running out. August 31 is the deadline for initial bids for a 241.9k sf portion of Temecula Town Center, a 491.7k sf regional shopping center constructed in 1989.

The asset, part of one of the first regional centers built within this Riverside County master-planned community, will be sold at auction, according to Colliers Senior Vice Presidents Michele Schierberl and Donald Ellis, who are marketing the property. Following acceptance of initial bids on Aug. 31, a short list of qualified bidders will be selected for a “best and final” auction to be held in late September.

Located at 27540 Ynez Rd, near the heavily-trafficked intersection of Rancho California Rd and I-15, the center’s anchor tenants include Target, Von’s, Chase Bank, CVS, HomeGoods, 24 Hour Fitness Sport Club and Active. A portion of the center is being redeveloped into multi-family residential, which will enhance the overall center as it transitions to a mixed-use environment.

“The buyer will be getting a stable and seasoned center in a premier location with a proven mix of national credit tenants and local, long-term retailers, many of which have been in the center since it opened 26 years ago,” Schierberl said. The center currently has an occupancy rate of more than 85 percent.

An investor can achieve “value-add” returns by leasing the available spaces on this stabilized, well-located center within a growth community, Schierberl added.





Return to the Archive page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media