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Temecula Creek Villas Complex Sells for $37 Million

Investor Acquires 180-Unit Multifamily at 31234 Taylor Lane
By Kyle Hopkins
January 29, 2008 | 4:07 P.M.

Richard Battaglia of Battaglia Inc. purchased the 180-unit multifamily building at 31234 Taylor Lane in Temecula, CA, from Allen Weingarten of A&M Properties West Inc. for $36.9 million, or approximately $205,000 per unit. The capitalization rate for the buyer was 5.18%.

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