Highlands I Office Building in Temecula Sold

June 11th, 2013 by

TEMECULA – June 11, 2013- Coldwell Banker Commercial Sudweeks Group of Temecula is pleased to announce the sale of a 21,954sf Office project known as Highlands I Office in Temecula, CA.  The project sold for $2,025,000.

Stan Nowak and Corey Martin exclusively represented the Investor/Buyer, The Stewart Group, in acquiring the 21,954 square foot 2-story Office Investment property known as Highlands I Office as the down-leg of a 1031 Tax Deferred Exchange.  The sale was completed on June 11, 2013 for $2,025,000.00.  The project was 76% vacant at close of escrow.  New leases are being negotiated now by the listing team for all of the vacant space in the project.

For more information, please contact Stan Nowak or Corey Martin.