High-rise commercial buildings

Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

California  + Inland Empire  + Office  | 

Class A Offices Trade for $14M in Temecula

CBRE recently negotiated the sale of the Tower Office Plaza in Temecula for $13.8 million to Level Asset Capital. Matt Pourcho, Anthony DeLorenzo, Matt Harris and Bryan Johnson of CBRE’s Investment Properties represented the seller, Providence Real Estate Group.

“Office sales in the Temecula and Murrieta areas remain strong and are somewhat isolated from all the corporate downsizing you hear about,” said Pourcho.

The Class A office building at 27555 Ynez Rd. sits within Tower Plaza, a remodeled grocery-anchored retail center. In addition to the four-story 71,775-square-foot-office building, the property includes a two-story parking structure and an oversized pond water feature.

Hugo Cosio of Level Asset Capital represented the company in the purchase. The property is currently 94% occupied.

Photo courtesy of Lee & Associates.

Read More News Stories About: CBRE, Lee & Associates
Connect

Inside The Story

CBRE's Pourcho

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
New call-to-action
New call-to-action