IE Business Daily Business news for the Inland Empire.
A 4,400-square-foot retail property in French Valley has been sold for $3.3 million.
The site, at 35958 Winchester Road changed hands in an all-cash agreement between two Southern California investors whose names were not released, according to SRS Real Estate Partners’ National Net Lease Group in Newport Beach.
SRS Real Estate Parters represented the seller-developer whose name also wasn’t released.
The property, occupied by a McDonald’s is within the French Valley Marketplace, a 78,000-square-foot shopping center whose other retailers include Grocery Outlet, Rite Aid, Chipotle, and 7-Eleven..
The site is at Winchester and Thompson roads. About 175,000 people live within a five-mile radius of that intersection, according to SRS Real Estate.
French Valley is an unincorporated community near Temecula in southwest Riverside County.
