Matthews™ Secures Temecula Industrial Business Park for 1031 Exchange Buyer

RIVERSIDE, CA—Matthews™, a commercial real estate investment services and technology firm, brokered the acquisition of Enterprise Business Center, located at 41735-65 Rider Way and 27462 Enterprise Circle Way in Temecula, California. Senior Vice President and Senior Director Chris Nelson and Senior Associate Jack DeLine represented the buyer in the transaction.

The seller, a private investor, sold the property to a buyer completing a 1031 exchange who sought an industrial asset in Southern California aligned with her long-term investment objectives. Through targeted prospecting efforts and their knowledge of the local market, Nelson and DeLine directly sourced the opportunity and secured the property for the buyer, facilitating a timely transaction that accommodated the buyer’s exchange requirements.

Enterprise Business Center consists of five individually parceled industrial buildings, each ranging from approximately 4,000 to 8,000 square feet. The property operates as a unified business park while offering the flexibility to finance or sell individual buildings separately. This unique configuration provides the buyer with multiple options for future asset management and disposition.

“This site was unique because while it operates as a park, it is actually five individually parceled buildings. This gives the buyer solid long-term flexibility should they decide to exit to users down the road or finance certain pieces separately,” Nelson said. “We are seeing sites in South Riverside County selling at higher in-place yields than the rest of Southern California for much higher quality product. We believe this area, which has traditionally been looked at as a secondary market, is starting to perform much more like some of the more dense infill markets.”

For more information, please contact Chris Nelson and Jack DeLine or visit www.matthews.com.

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.