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4/22/20
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Jefferson Commerce Center, a 32.2k sf, multi-tenant office building in Temecula, has traded hands in a $5.1 mil ($158/sf) transaction. The three-story, Class B building is located on 2.22 acres at 27710 Jefferson Ave, south of Winchester Rd on the west side of I-15.
At the time of sale, Jefferson Commerce Center was 95% occupied by a diversified tenant base that includes firms involved in healthcare billing, legal, corporate and professional administrative services. The property is part of Temecula’s Uptown Center District, which is a master-planned commercial, residential and office overlay.
Mary Piper, Sheri Shoemaker and Mike Hanna of the Lee & Associates Temecula Valley Office represented the seller, Jeffstar LLC. The buyer was repped by SRW Commercial.
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