REBusinessOnline

NEWPORT CROSSING RETAIL CENTER SELLS FOR $9.95 MILLION

MENIFEE, CALIF. — Los Angeles-based Arya Investments LLC has purchased Newport Crossing, a 25,049-square-foot retail center located at 26015-26035 Newport Rd. in Menifee. The property is tenanted by Jack in the Box Inc.’s new full-service Quick Stuff convenience store concept, which includes a Shell Gas fuel station and a full-size Jack in the Box restaurant with drive-thru; Great Clips; Hollywood Video; IHOP; Submarina; UPS Store and Verizon Wireless. Santa Monica, Calif.-based Newport Murrieta Partners LLC sold the property for $9.95 million or $397 per square foot. Mariko Beaver of Venture Real Estate Group and Kandice Thayer of First Team Real Estate represented the buyer; Edward Hanley of Hanley Investment Group Real Estate Advisors represented the seller in the transaction.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter
Conferences


Request media kit

Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties