28860 Old Town Front St - Retail FOR SALE


Temecula, CA 92590
$6,300,000 USD
714-501-3866
28860 Old Town Front St, Temecula, CA for Sale
$6,300,000 USD
Retail - FOR SALE
1/7
null | 5.3% Cap Rate

28860 Old Town Front St
Temecula, CA 92590


HIGHLIGHTS

  • 30,539 SF multi-tenant retail center | 100% occupied
  • Mark-to-market rental upside with near-term lease rollover
  • Direct I-15 freeway visibility | 165,000 vehicles per day
  • 0.25 miles from historic Old Town Temecula dining, retail
  • First time offered in twenty-two years

OVERVIEW

This stabilized multi-tenant retail property offers a unique value-add opportunity in the heart of Temecula’s historic district. With prime exposure on Old Town Front Street, it benefits from high traffic visibility and easy access to both local visitors and regional commuters via Interstate 15. The property features 30,539 SF of rentable space and a diverse tenant mix, currently generating $43,864 per month in rental income. Despite stable cash flow, rents are below market, providing immediate upside potential through strategic lease management. A significant value creation opportunity exists as approximately 25% of the building’s leases are set to expire by the end of 2026. This turnover allows a buyer to capture market rents and transition tenants to NNN lease terms, which could substantially boost cash flow without requiring major capital improvements. 28860 Old Town Front Street is an attractive acquisition for investors seeking stable in-place cash flow and future growth through market rent adjustments. This asset offers a compelling opportunity in one of Southern California’s most sought-after retail submarkets.

FOR SALE DETAILS

PRICE

$6,300,000 USD

PRICE/SF

$766 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg C

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

78

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,783 SF

ZONING

C1/CP

APN/PARCEL ID

922-094-002

ASK ABOUT THIS PROPERTY

Sean BaneyCentennial AdvisersMore Info
714-501-3866

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Sean BaneyCentennial AdvisersMore Info
714-501-3866

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.