Temecula, Calif. —SRS Real Estate Partners has arranged the $9.8 million sale of a single-tenant retail property situated within Butterfield Station, a 70,455-square-foot grocery-anchored retail center in Temecula. Fitness 19 occupies a 30,057-square-foot building at the center. This transaction completes the $26.5 million, four-parcel break-up strategy of Butterfield Station.
As part of the break-up, in 2024, a 30,038-square-foot Smart & Final grocery store sold for $11.5 million, while a 5,360-square-foot multi-tenant strip center sold for roughly $2.3 million. The last of the properties included in the break-up was the 5,000-square-foot Wells Fargo, which sold for approximately $2.3 million. The four properties were sold to separate private investors.
Joe Chichester and John Redfield of SRS represented the seller in the transaction.