June 27, 2016
Lee & Associates negotiated a $10.85-million sale of the 95,604-square-foot Centre Court Business Park in Temecula, CA. The two-building industrial-business asset is located at 43300 to 43320 Business Park Dr.
The business park was constructed in 1990, and is 98% occupied by a diversified tenant mix, including light manufacturing, R&D, and distribution. It is part of the Rancho California Business Park, located just north of historic Old Town Temecula and west of Interstate 15.
Temecula Valley-based Lee & Associates’ Jim Nadal and Mike Hanna represented the seller, L2H Properties Company. Central Los Angeles-based Lee & Associates’ Mollie Shea Dietsch represented the buyer, The Sudduth Company.