Tower Plaza
Temecula, CA
The Offering
Summary
- Address: 27401, 27404-27531 Ynez Rd, Temecula, CA 92591
- APN: 921-270-055, 921-260-026
- Lot size: 13.22 Acres of Land
- Building size ±132,194 SF
- Parking: 612 Parking Spaces, 4.5:1,000 SF
- Year Built: 1969 / 1988
Institutional Property Advisors (“IPA”) is pleased to offer the opportunity to acquire Tower Plaza (“the Property”), a 97% leased, 132,194 square-foot grocery-anchored shopping center in the Southern California city of Temecula. The Property features an internet-resilient tenant roster comprised of 88 Ranch Marketplace, AMC Theaters and Armstrong Garden Centers, among others. Located along one of the trade area’s most heavily trafficked thoroughfares, Tower Plaza is ideally situated adjacent to the Temecula Valley Freeway (+/- 180,000 cpd) and Rancho California Road (+/- 37,000 cpd), and benefits from a dense and affluent customer base. The Property offers investors the opportunity to acquire a grocery anchored shopping center with an attractive in-place levered yield approaching 10%, and additional upside by rolling existing tenants to market.