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28860 Old Town Front St
Temecula, CA 92590
Bldg C · Commerce de détail Propriété À vendre
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Faits saillants de l'investissement
- 30,539 SF multi-tenant retail center | 100% occupied
- Direct I-15 freeway visibility | 165,000 vehicles per day
- First time offered in twenty-two years
- Mark-to-market rental upside with near-term lease rollover
- 0.25 miles from historic Old Town Temecula dining, retail
Résumé de l'annonce
This stabilized multi-tenant retail property offers a unique value-add opportunity in the heart of Temecula’s historic district. With prime exposure on Old Town Front Street, it benefits from high traffic visibility and easy access to both local visitors and regional commuters via Interstate 15.
The property features 30,539 SF of rentable space and a diverse tenant mix, currently generating $43,864 per month in rental income. Despite stable cash flow, rents are below market, providing immediate upside potential through strategic lease management.
A significant value creation opportunity exists as approximately 25% of the building’s leases are set to expire by the end of 2026. This turnover allows a buyer to capture market rents and transition tenants to NNN lease terms, which could substantially boost cash flow without requiring major capital improvements.
28860 Old Town Front Street is an attractive acquisition for investors seeking stable in-place cash flow and future growth through market rent adjustments. This asset offers a compelling opportunity in one of Southern California’s most sought-after retail submarkets.
The property features 30,539 SF of rentable space and a diverse tenant mix, currently generating $43,864 per month in rental income. Despite stable cash flow, rents are below market, providing immediate upside potential through strategic lease management.
A significant value creation opportunity exists as approximately 25% of the building’s leases are set to expire by the end of 2026. This turnover allows a buyer to capture market rents and transition tenants to NNN lease terms, which could substantially boost cash flow without requiring major capital improvements.
28860 Old Town Front Street is an attractive acquisition for investors seeking stable in-place cash flow and future growth through market rent adjustments. This asset offers a compelling opportunity in one of Southern California’s most sought-after retail submarkets.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Taille du bâtiment
30 539 pi²
Classe d’immeuble
B
Année de construction/rénovation
1987/2000
Prix
8 692 677 $ CAD
Prix par pi²
284,64 $ CAD
Taux de capitalisation
5,30%
Revenu net d’exploitation
460 712 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,33
Taille du lot
2,13 AC
Zonage
C1/CP
Stationnement
78 places (2,55 places par 1 000 pi² loué)
Commodités
- Puits de lumière
1 de 8
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
