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Progressive Real Estate Partners Completes $6,555,000 Off-Market Acquisition of Fully Leased Multi-Tenant Retail Bulding in Temecula, CA
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Progressive Real Estate Partners Completes $6,555,000 Off-Market Acquisition of Fully Leased Multi-Tenant Retail Bulding in Temecula, CA
Progressive Real Estate Partners’ Senior Vice President Greg Bedell represented a private Los Angeles-based investor in the acquisition of an 8,781-square-foot multi-tenant retail building located at 32435 Temecula Parkway within Vail Ranch Plaza for $6,555,555. The buyer acquired this property as part of a 1031 exchange following the sale of another retail property in Walnut, California. It identified the Temecula asset as an opportunity to rei…
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