November 30, 2016 Comments Off on Panera Bread Site Sold for $4.1M Views: 235 California, California News, Inland Empire, West

Panera Bread Site Sold for $4.1M

Santa Monica-based Sands Investment Group completed the sale of a Panera Bread bakery and cafe in Murrieta, CA for $4.1 million. The buyer was an undisclosed private investor, while the seller was a regional merchant developer.

The restaurant, which was built this year and includes a drive-thru, occupies the 4,600-square-foot property under a 15-year lease. The out-parcel site is within a Lowe’s and Kohl’s retail center on Madison Ave., along the I-15 freeway.

The deal closed at a 4.6% capitalization rate, a record for retail properties in Murrieta.

Sands Investment Group represented both parties in the transaction.

Read more at IE Business Daily

Connect With Sands Investment Group

For comments, questions or concerns, please contact Dennis Kaiser

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