IE Business Daily Business news for the Inland Empire.
Three retail properties in French Valley have been sold for $17.3 million.
The properties are adjacent to French Valley Marketplace, a 78,000-square-foot neighborhood shopping center at 35958 Winchester Road, according to a statement.
SRS Real Estate Partners in Newport Beach negotiated the sale. Buyer and seller were described only as private investors from Southern California.
The three parcels are:
- A 16,000-square-foot property occupied by Grocery Outlet;
- An 11,115-square-foot new property to be occupied by Rite Aid, which is which is expected to open later this year;
- A 5,600-square-foot property that includes Quick Quack Car Wash and a Chipotle. The car wash is expected to open next spring.
French Valley is an unincorporated community in southwest Riverside County near Murrieta and Temecula.
