Ace Hardware Bldg. in Temecula Sells for $2.35M

Investor Buys 13,000 SF at 30715 Temecula Parkway

B&G Investment Development LLC purchased the 13,120-square-foot retail building from Borchard-Temecula LP for $2.35 million, or approximately $180 per square foot.

The building is at 30715 Temecula Parkway in Temecula, CA, and is leased to Ace Hardware through 2048.
The cap rate was reported at 5.8% based on income at the time of sale.

Built in 2007, the property is on approximately 1.1 acres.