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SRS Real Estate Partners Directs $3M Sale of Del Taco-Occupied Property in the Inland Empire

Del-Taco-Lake-Elsinore-CA

Del Taco occupies the 1,558-square-foot retail property located at 16810 Lakeshore Drive in Lake Elsinore, Calif.

LAKE ELSINORE, CALIF. — SRS Real Estate Partners’ National Net Lease Group has arranged the sale of a single-tenant retail property located at 16810 Lakeshore Drive in Lake Elsinore. A partnership specializing in the ownership of net-lease properties sold the asset to an undisclosed Southern California buyer for $3 million, or $1,957 per square foot.

Del Taco occupies the 1,558-square-foot building with 12.5 years remaining on its corporate-guaranteed, 15-year, absolute triple-net lease.

Matthew Mousavi and Patrick Luther of SRS’ National Net Lease Group represented the seller, while Chris Itule of Itule Real Estate Group represented the buyer in the all-cash transaction.

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