November 14, 2016 Comments Off on Wildomar Grocery-Anchored Retail Center Trades for $19M Views: 392 California News, Inland Empire, West

Wildomar Grocery-Anchored Retail Center Trades for $19M

Colliers International negotiated the $19-million sale of Oak Creek II Shopping Center, a grocery-anchored, neighborhood retail center in Wildomar, CA. The Albertsons shadow-anchored 71,899-square-foot property was sold by San Diego-based Strata Equity Group Inc. to an undisclosed, all-cash California investor.

Built in 2008, the center is located on 6.89 acres along the Miracle Mile Corridor, and is comprised of six separate parcels. The 96%-occupied center includes a mix of national credit tenants, local service retailers and national chain restaurants. The City of Wildomar occupies nearly all of a separate, two-story, 23,000-square-foot office building.

KW Commercial’s Mark El-Tine represented the buyer. Colliers International’s John Sharpe, Jereme Snyder and Eric Carlton advised the seller.

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For comments, questions or concerns, please contact Dennis Kaiser

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