OLD TOWN CENTER IN TEMECULA SELLS FOR $7.6M

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TEMECULA, CALIF. — Old Town Center, a 29,502-square-foot, mixed-use development in Temecula, has sold to Fair Oaks Valley, LLC, for $7.6 million. The center is located at 28544 Old Town Front Street in the Historic Downtown District of Temecula. It was built in 2009. Old Town Center is fully occupied by tenants like Edge Restaurant, Crush & Brew, La Point Wealth Management, Reliable Realty, Southwest Desert Insurance, Living Yoga Center, Cornerstone, Eye Eco, and Canela Software. Fair Oaks was represented by Jim Ashcraft and Bill Harp of Ashcraft Investment Company. The seller, Old Town Center 1, LLC, was represented by Chuck Wasker of Colliers International and Mark Kagan of Kagan Commercial Real Estate.

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