The Legacy Properties Group Closes Sale of Diamond Professional Center in Lake ElsinoreAugust 8th, 2016 by Elizabeth Rouse
TEMECULA — The Legacy Properties Group, of Coldwell Banker Commercial SC (CBC SC), has recently announced the sale of the 6,440 square foot Diamond Professional Center. The fully-occupied office building, located at 31641 Auto Center Drive in Lake Elsinore, sold for $166 per square foot with a cap rate of 7.2 percent.
Matt Shaw, a Senior Sales Associate with Legacy Properties Group, a division of Coldwell Banker Commercial SC, represented the seller in the transaction.
“This property presented an opportunity for an investor to acquire long-term, stabilized cash flow,” said Matt. “We generated a significant amount of investor interest and selected a strong buyer just one week after we placed it on the market. We are very pleased with how smooth this transaction was for all involved.”
About Coldwell Banker Commercial SC
Coldwell Banker Commercial SC is a full service commercial real estate firm located in Southern California with office locations in San Diego, Temecula, Redlands, and Ontario, specializing in commercial real estate brokerage and asset management. With a proven track record of efficiency, quality care and service, we offer the global strength that is synonymous with the Coldwell Banker Commercial brand. Our years of combined experience in commercial asset management services allows us to cost effectively serve the unique needs of each client. Our priority is value enhancement and the optimization of our client’s financial returns. Every effort is focused on this goal.
For more information, visit: www.cbcsocalgroup.com.