Temecula, California - We have Triple Net Lease Properties news on a Retail Shopping Center in California. A Commercial Real estate Investment Company purchased the Rancho Temecula Town Center for $48 million. This Company, A & B Properties, Inc. has a Commercial Investment Property Portfolio that includes triple net lease properties, Retail, Office and Industrial property. Their diversified commercial real estate investment portfolio is in Hawaii and seven mainland states. This Commercial Real Estate Investment Company, A&B Properties has a great investment strategy. They acquire and manage high-quality triple net lease properties, retail, office and industrial properties in key markets.
A & B Properties, Inc., is a commercial real estate subsidiary of Alexander & Baldwin, Inc. (ALEX). They acquired Rancho Temecula Town Center for $48 million. This Retail Shopping Center is a 165,500 square-foot, 11-building neighborhood shopping center. This net leased property is located in Temecula, that is situated in the southwest region of Riverside County. The Company used cash from a 1031 Exchange, to purchase this Prime Grocery and Rite-Aid Pharmacy-Anchored Retail Shopping Center.
This net leased property is mainly at 39540 Winchester Road, Temecula, CA 92592. The Retail Shopping Center is approximately 20 acres of beautiful property in the heart of Temecula. The Developer of this net lease property was Pacific Development Partners. The Retail Shopping Center was constructed in 2007. This net lease property is one of Temucula's best performing retail centers.
The Net Lease Property purchase of Rancho Temecula Town Center fits into A & B Properties's commercial real estate strategy. They invest in quality net lease properties located in areas having above-average growth prospects and favorable demographics. They believe that Temecula is expected to see continued population growth as an attractive alternative to neighboring Los Angeles, Orange and San Diego Counties. The net lease property is well-anchored by Henry's Market, LA Fitness, and Rite-Aid and more. This Retail Shopping Center, net lease property was approximately 97% occupied at closing.
A list of more Tenants leasing at this Retail Shopping Center:
Beverages & More (BevMo)
Melting Pot Restaurant
EZ Take Out Burger
Rite-Aid Drug Store
Marine Corp Recruiting Office (Please Support Our Military)
Brite Now Dental
Navy Federal Credit Union
Juice it Up
Pho Pho Restaurant
We have more information on Alexander & Baldwin. A&B is headquartered in Honolulu, Hawaii. They are engaged in ocean transportation and logistics services through its subsidiaries, Matson Navigation Company, Inc., Matson Integrated Logistics, Inc. and Matson Global Distribution Services; in real estate through A&B Properties, Inc.; and in agribusiness through Hawaiian Commercial & Sugar Company and Kauai Coffee Company, Inc.
Triple Net Lease Properties & Commercial Loans
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If you are ready to purchase Commercial Real Estate especially a Triple Net Leased Property, you can apply for CTL Financing, Non Recourse Loans and Commercial Loans at Loanrise.com.
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