The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 5, 2023
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Temecula Industrial Building Gets New Owner in $12.6 Mil Deal


In a Temecula industrial buy, The Garmon Corporation paid $12.6 mil for a 91.7k sf ($137/sf) building. Located at 43350-43352 Business Park Dr, the property is north of Rancho California Rd and west of I-15.

The building, which was constructed in 1990, is situated on a 4.87-acre parcel and features 22.9k sf of office build-out and both ground level and dock-high loading. Mike Pappas of Kidder Mathews and Rik Floyd of Rik Floyd Real Estate Services represented the buyer, The Garmon Corporation.

Scott Stewart and Gordon Mize of the Lee & Associates Temecula Valley office represented the seller, Temecula BP LLC.

Stewart noted “We initially had the property on the market for lease. But, due to lack of supply of owner/user for sale projects in the market, it created a unique opportunity for the buyer to purchase the entire building, occupy the vacant half and gradually grow over time.”

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 © 2023 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media