Level Asset Management Acquires Tower Office Plaza In Temecula For $13.8M

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.