SOLD
Level Asset Management Acquires Tower Office Plaza In Temecula For $13.8M
27555 Ynez Road
Office
71,775 SF
71,775 SF
Sold 72 days ago
Summary
Sale
CALIFORNIA
Office
71,775 sqft
The Tower Office Plaza in Temecula, CA, a Class A office building located at 27555 Ynez Road, was sold for $13,800,000. The property spans 71,775 square feet and was acquired by Level Asset Management, Inc from seller Danny Newman of Providence Real Estate Group.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $13,800,000
- Address: 27555 Ynez Road
- Market: Temecula
- Square Footage: 71,775
- Price per Square Foot: $192
The sale of the Tower Office Plaza was facilitated by brokers Anthony DeLorenzo, Bryan Johnson, Matt Harris, and Matt Pourcho of CBRE. The transaction was highlighted by CBRE's recognition of the robust office sales activity in the Temecula/Murrieta area, emphasizing the steady income generated by smaller service-based tenants within the property.
Players
All
5
Agents
4
Agencies
1
Details
SOLD
IMAGE: Matt Pourcho, Matt Harris, Danny Newman, Anthony DeLorenzo & Bryan Johnson
DATE: 02/20/2024
ADDRESS: 27555 Ynez Road
MARKET: Temecula
ASSET TYPE: Office
BUYER: Level Asset Management, Inc
SELLER: Danny Newman - Providence Real Estate Group
BROKERS: Anthony DeLorenzo (@AnthonyDelorenzo), Bryan Johnson (@CallMeBryanJ), Matt Harris (@Matt_Harris32) & Matt Pourcho (@MPourcho) - CBRE (@CBRE)
SALE PRICE: $13,800,000
SF: 71,775 ~ PPSF: $192
NOTE: CBRE Investment Properties sells Tower Office Plaza in Temecula, CA, a 71,775 sq. ft. Class A office building with a two-story parking structure, for $13.8 million to Level Asset Management, Inc. CBRE brokers represented the seller, Providence Real Estate Group, noting the strength of office sales in the Temecula/Murrieta area and the resilience of cashflow from smaller service-based tenants.View on map
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Address27555 Ynez Road
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