Property Location: 19878 E. Hilltop Road, Parker, “Pinehill Crossing”
Property Description: 11,753-sf, multitenant strip center, YOC 2008
Land Size: 1.25 acres
Sales Price: $3.6M, or $306.30 per sf
Reception No: 2016029577
Closing Date: 5/12
Grantor: Pine Hill Building No. 2 LLC, Steven A. Weirich, mgr.
Grantee: Pinehill Crossing LLC, Edward E. Simpkins, 949-675-8791
Financing: $2.7M payable to Westerra Credit Union, due 6-1-26
Comments: Listed by Barry Higgins, Richard Bird & David Lee* of Marcus & Millichap Inc., 303-328-2000. The average rental rate for the center is $22.05 per sf. The center sold on an in-place cap rate of 7.2% and was 100% leased at time of sale. *David Lee is from other Marcus & Millichap office, 714-822-1835.