FARIS LEE SELLS 14,500-SF PROPERTY AT PROMENADE TEMECULA FOR $5.65M

TEMECULA, CALIF. — Faris Lee Investments has sold a 14,500-square-foot retail property at the entrance of the Promenade Temecula regional mall for $5.65 million. The building is fully occupied by the Tilted Kilt Pub & Eatery, Jamba Juice, Ming’s Restaurant, Pacific Pita and Promenade Dental Care. Faris Lee’s Jeff Conover and Rich Walter represented the seller, Temecula Pad PQ, LLC. IRN Realty’s Jackson Chang represented the all-cash buyer, SZ Prosperity Investment. The property closed at a 7.61 percent cap rate.