MGR Real Estate agents, Tony Hermosillo and Michael Rademaker, have closed escrow on a 67,000+ square foot retail center in Temecula, CA for a final sale price of $19,998,000 and a 6% CAP rate. The property consists of 6 total buildings, 7 parcels, and popular retailers such as Domino’s Pizza, Epic Wings, Golden Bowl Thai, and more. This retail center was built in 2007 and provides convenient proximity to high growth residential communities and the Pechanga Casino, one of the largest resort/casinos on the West Coast.
MGR Property Management has assumed management of the asset and will continue service to this community. With a team of expert real estate agents and property managers, MGR is able to provide full service to their investors through the process of transactions and the management of the investment thereafter. MGR Property Management manages assets across Southern California, from Barstow to San Diego, with a wide portfolio of residential, commercial, and associations.