TEMECULA, CA — A deal has been struck on a Temecula strip mall that was up for sale, it was reported Monday.
The 8,325-square-foot Shops at Gateway to Temecula has sold for $7,150,000, according to Hanley Investment Group Real Estate Advisors, which represented the seller, Pacific Real Estate of Corona.
The property was sold to a private investor from Redlands, according to Hanley.
The listing price was $7,393,000.
The 2.05-acre property at 30010 Temecula Parkway, just east of Interstate 15, was built in 2018 and is home to a Starbucks drive-thru, Verizon, The Pizza Press, and Sakura Sushi.
Hanley said the current tenants are “internet-resistant.”
Despite the economic impact of coronavirus, the property’s location got the buyer comfortable, said Hanley Investment Group’s Vice President Austin Blodget.
“The Temecula Valley is booming, and this property is located at a premier corner within the market. This is a great comp for any