Newport Beach, CA - Sells Cathedral City Marketplace, Cathedral City, California
, a market leading investment real estate brokerage firm, announced today the sale of Cathedral City Marketplace, Cathedral City, CA. The Property is a Community Shopping Center, anchored by Food 4 Less Grocery, Rite Aid, Cinemark Theaters and 24 Hour Fitness. Located at the southwest corner of Date Palm Drive and Dinah Shore Drive, the property totals 207,328 square feet of which 194,718 square feet were included as a part of the sale.
Lucescu Realty exclusively represented the interests of the Seller, Donahue Schriber Realty Group and procured, the Buyer, Sarofim Realty Advisors. Cathedral City, adjacent to Palm Springs, CA, is the 2nd largest city in the Coachella Valley, one of the fastest growing communities in the country.