The Chase Bank is located at 27980 Clinton Keith Rd. in Murrieta. Valley News/Courtesy photo
MURRIETA – SRS Real Estate Partners announced Oct. 25 it has completed the $4 million ground lease (land ownership) sale of a Chase Bank retail property located at 27980 Clinton Keith Road in Murrieta. With construction completed in 2024, the 3,470-square-foot property is situated on 1.57 acres and has a 20-year, corporate-guaranteed lease in place.The transaction closed at a price per square foot of $1,152. It also sold at a record low cap rate of 3.75% which is the lowest for a Chase Bank property sold over the past 18 months according to CoStar records.SRS Capital Markets Vice President Winston Guest and Managing Principals Matthew Mousavi and Patrick Luther represented the seller, a California-based private developer. The buyer was a California-based private investor.The
