Temecula, CA – September 1, 2026 – Progressive Real Estate Partners’ Senior Vice President Greg Bedell represented a private Los Angeles-based investor in the acquisition of an 8,781-square-foot multi-tenant retail building located at 32435 Temecula Parkway within Vail Ranch Plaza for $6,550,000. The buyer acquired this property as part of a 1031 exchange following the sale of another retail property in Walnut, California. It identified the Temecula asset as an opportunity to reinvest in a newer, well-located property with a strong and diversified tenant mix.
The retail building is located along Temecula Parkway (Highway 79), one of the city’s busiest retail corridors with 42,826 cars per day. The seller is a private investor.
The building is 100% leased to national and regional lifestyle brand Better Buzz Coffee, Orangetheory Fitness, Krak Boba, and D’Or Nail Lounges. Vail Ranch Plaza is anchored by Sprouts Farmers Market, PetSmart, and EOS Fitness.
Progressive Real Estate Partners Senior Vice President and Managing Director Greg Bedell represented the buyer. The seller was represented by Brian Bielatowicz, Ryan Bennett, and Drew Olson of Lee & Associates.
“The property delivered a rare blend of net‑lease stability and true multi‑tenant diversification,” said Bedell. “Rather than relying on a single tenant, the asset balances risk across coffee, fitness, beverage, and personal‑service operators—yet still functions as a low‑touch, operationally efficient investment. High‑quality multi‑tenant pads with a drive‑thru in supply‑constrained Temecula seldom come to market, which made this an exceptionally attractive acquisition for our buyer.”
Bedell added, “The buyer was drawn to the property’s irreplaceable South Temecula location, newer Class A construction, and the strong mix of daily‑use tenants that drive consistent traffic. Both Better Buzz and Orangetheory operate among the top‑performing units in their respective chains, and the complementary tenant lineup creates diversified, repeatable income. With a drive‑thru, prominent visibility along Temecula Parkway, and affluent surrounding demographics, the property offered a compelling long‑term value proposition.”
About Progressive Real Estate Partners
Progressive Real Estate Partners (PREP) is a boutique commercial brokerage firm headquartered in Rancho Cucamonga, California. Founded in 2008, the firm specializes in the leasing and sale of retail properties in Southern California’s Inland Empire, San Gabriel Valley and Coachella Valley. The firm is also the exclusive Inland Empire representative of the Retail Brokers Network (RBN). Since the firm’s inception Progressive has completed over 2,000 lease and sales transactions valued at more than $2.0B in over 50 cities throughout the region. Progressive Real Estate Partners uses the latest marketing and brokerage techniques to help retailers and property owners achieve their real estate goals.