SRS Real Estate Partners announces $5.95 million sale of newly developed 3-tenant retail property at French Valley Marketplace in Winchester

NEWPORT BEACH – SRS Real Estate Partners announced today it has closed the $5.95 million sale of a new construction, three-tenant, 7,226-square-foot retail building within French Valley Marketplace located at 35974 Winchester Road in Winchester. The property includes Panera Bread, Toro Sushi, which are on long-term leases and one available unit.SRS Capital Markets Senior Managing Principals Matthew Mousavi and Patrick Luther, and Vice President Jack Cornell represented the seller, a Southern California-based private developer. The buyer was a La Jolla-based private investor who was in a 1031 exchange. The cap rate was 5.92% and a new loan was placed on the property.“This is the most recent sale in the break-up strategy of French Valley Marketplace with one more pad remaining. A