Increased Risk Appetite Lowering I.E. Cap Rates

MORENO VALLEY, CA— “Cap rates in secondary and tertiary markets throughout the Inland Empire have declined consistently for retail product over the past several years due to increased risk appetites, low interest rates and improving fundamentals.” That is according to Irvine, CA-based Dixie Walker, an SVP at Cassidy Turley.

GlobeSt.com spoke with Walker in an update to a previous article where the firm sold two shopping centers here in Moreno Valley with a combined value of $34.85 million.The centers sold for the lowest cap rates ever reported for stabilized retail centers over 25,000 square feet in this fast-growing Southern California area, as GlobeSt.com reported.