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Avison Young brokers $5.8 million sale of Temecula Oaks office property in Temecula


Last updated 6/28/2018 at 7:04pm

SAN DIEGO – Avison Young, the world’s fastest-growing commercial real estate services firm, announced that it has brokered the $5.8 million sale of Temecula Oaks, a 33,306-square-foot office building in Temecula.

Corey Martin, a principal of Avison Young and managing director of the firm’s Austin office, who was previously based in San Diego, and Senior Associate Matt Shaw, who is based in the company’s San Diego office, represented the seller, KPN Industrial, as well as the buyer, Spruce Grove. The transaction closed at a cap rate of 7.5 percent.

Built in 1985 and renovated...

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