INLAND EMPIRE, CA (Dec. 21, 2011) – Voit Real Estate Services’ San Diego office has successfully directed the $8.5 million acquisition of Margarita Center (top and lower left photos), a 60,390 square-foot retail property located at 39520-40 Murrieta Hot Springs Road in Murrieta, Calif.
This neighborhood shopping center is anchored by Fresh & Easy, and has eight retail suites ranging from 1,300 square feet to 10,700 square feet.
Todd Holley (middle right photo), Vice President in Voit’s San Diego office, represented the buyer, Mon Mon, LLC.
“The Voit team quickly identified the client’s needs and negotiated the lowest price per square-foot for this property, closing the deal in under a week,” said Holley. “The shopping center was built in 2008 and has excellent lease potential due to its central location on the southwest corner of Murrieta Hot Springs Road and Margarita Road.”
The seller, MS Kearny CPB 3 LLC, was represented by John Read, Patrick Toomey and Phillip Voorhees of CB Richard Ellis.
The buyer intends to lease the available space in the multi-tenant retail center, according to Holley.
Voit Real Estate Services is now a 10 office commercial real estate firm that, through its brokerage and asset services professionals working together, provides strategic property solutions tailored to clients’ needs.
Combining 40 years of expertise in property management, investment advisory, financial analysis, market research, asset management, tenant advisory and brokerage services, Voit provides clients with forward looking strategies that create value for their assets and portfolios.
Voit is a privately held, debt-free firm that has successfully navigated numerous market cycles since 1971 and currently employs more than 250 people.
Voit has owned, developed and managed over 45 million square feet of commercial real estate, participated in $1.35 billion of construction projects and completed over $33 billion in brokerage transaction volume.
Further information is available at
http://www.voitco.com/.
Contact:
Judith Brower
Brower, Miller & Cole
(949) 955-7940
JBrower@browermillercole.com
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