RENTV.com Article: Temecula Office Building Gets New Owner in $5 Mil Deal

Jefferson Commerce Center, a 32.2k sf, multi-tenant office building in Temecula, has traded hands in a $5.1 mil ($158/sf) transaction. The three-story, Class B building is located on 2.22 acres at 27710 Jefferson Ave, south of Winchester Rd on the west side of I-15.

At the time of sale, Jefferson Commerce Center was 95% occupied by a diversified tenant base that includes firms involved in healthcare billing, legal, corporate and professional administrative services. The property is part of Temecula’s Uptown Center District, which is a master-planned commercial, residential and office overlay.

Mary Piper, Sheri Shoemaker and Mike Hanna of the Lee & Associates Temecula Valley Office represented the seller, Jeffstar LLC. The buyer was repped by SRW Commercial.