Premier Business Centers




The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 10, 2017
 Search RENTV
   Go!
 Video Programs
 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?



SOUTHERN CALIFORNIA NEWS
Printer-friendly Version   Email an Associate
Moreno Valley Retail Asset Trades for Over $500/sf

10/20/17

A 6.4k sf retail building in Moreno Valley, sold for $3.53 mil, or $552/sf. The property is fully occupied by two corporate tenants – TitleMax and Coast Dental – which are both on long-term triple-net leases.

Situated on .3 acres at 12252 Perris Blvd, the property is in the main retail corridor of Moreno Valley. Renovated in 2015, it offers prime visibility and monument signage and is within a larger retail center that includes CVS/Pharmacy and Dollar Tree.

Patrick Toomey and Matt Brooks with Faris Lee Investments represented the seller, TC Enterprise LLC. The buyer, Perrishemlock LLC, was repped by Realty ONE Group. The asset closed at a 6.22% cap rate.

Toomey pointed out, “The transaction closed escrow on time despite the fact that Coast Dental’s corporate headquarters was affected by Hurricane Irma which required management of timing issues throughout the due diligence process.”




Return to the previous 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 © 2017 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media