JUST SOLD: 39,140 SF 50% LEASED MURRIETA OFFICE BUILDING TRADES TO OWNER/USER FOR $183 PSF

CBRE’s Investment Properties-SOCAL team is pleased to announce the sale of 38670 Sky Canyon, a two story, 39,140 SF office building on 2.69 acres in Murrieta, California. The property was 50% occupied at the time of sale and traded for $7,150,000 or $183 PSF.

Gary Stache and Doug Mack of CBRE represented the seller. The buyer was an owner/user represented by an outside broker.

Seller Quote:

“CBRE’s Investment Properties Southern California team once again did a superb job in finding the “needle in the haystack” buyer that paid a premium for our property.  Their comprehensive marketing strategy garnered multiple offers for the property. In the end, their expertise and transaction execution ensured a smooth process.” – CJ Stos – Stos Partners

SPECIFICS OF THE TRANSACTION ARE AS FOLLOWS: 

• Offering packages downloaded: 345
• Multiple offers

Article source: CBRE