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The Chaparral Center 4 Properties Offered at $14,500,000 in Temecula, CA
Investment Highlights
- Generational Asset – Rare Opportunity to Acquire the Recognizable Chaparral Center in Historical Old Town Temecula
- High Barriers to Entry Due to Limited Available Inventory, Historic District Characteristics, & Constrained Redevelopment Opportunities
- Adjacent to New 270 Acre ALTAIR Master Planned Community – 1,750 Homes, Parks, Trails, and Recreation Facilities
- Old Town Temecula Attracts Year-Round Visitors Drawn by Its Walkable Environment, Historic Charm, Wine Tourism, Live Entertainment, and Extensive Cale
- Under Market Rents – Value in Pushing Rents Long-Term – Stable Cash Flow & Diversified Rent Roll – Historically Well-Maintained Asset
Executive Summary
The Chaparral Center at Old Town Temecula presents a rare opportunity to acquire a generational mixed-use landmark asset located along a full city block of frontage on Old Town Front Street in Temecula, California. The property consists of four buildings totaling approximately 41,232 square feet situated on 1.86 acres and is currently occupied by a diverse mix of retail, restaurant, office, and service-oriented tenants.
The Chaparral Center is strategically positioned to benefit from Temecula’s continued economic and residential growth, including the nearby Altair master-planned community, which is expected to deliver approximately 1,750 new homes within walking distance of Old Town. The surrounding trade area features strong demographics, significant tourism spending, and convenient access to Interstate 15, which carries approximately 166,000 vehicles per day. With limited availability of comparable historic core properties, high barriers to entry, and a prominent location within one of Southern California’s premier destination districts, The Chaparral Center represents a unique long-term investment opportunity.
The Chaparral Center is strategically positioned to benefit from Temecula’s continued economic and residential growth, including the nearby Altair master-planned community, which is expected to deliver approximately 1,750 new homes within walking distance of Old Town. The surrounding trade area features strong demographics, significant tourism spending, and convenient access to Interstate 15, which carries approximately 166,000 vehicles per day. With limited availability of comparable historic core properties, high barriers to entry, and a prominent location within one of Southern California’s premier destination districts, The Chaparral Center represents a unique long-term investment opportunity.
Property Facts
| Price | $14,500,000 | Status | Active |
| Price / SF | $333.62 / SF | Number of Properties | 4 |
| Sale Condition | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 5.22% | Total Building Size | 43,462 SF |
| Sale Type | Investment | Total Land Area | 3.38 AC |
| Price | $14,500,000 |
| Price / SF | $333.62 / SF |
| Sale Condition | 1031 Exchange |
| Cap Rate | 5.22% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 43,462 SF |
| Total Land Area | 3.38 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 28459 Old Town Front St, Temecula, CA 92590 | Office | 16,671 SF | 2005 | - |
|
Chaparral Center
28459-28465 Old Town Front St, Temecula, CA 92590 |
Office | 15,716 SF | 1983 | - |
|
Chaparral Center
28475 Old Town Front St, Temecula, CA 92590 |
Office | 6,000 SF | 1979 | - |
| 28495 Old Town Front St, Temecula, CA 92590 | Retail | 5,075 SF | 1980 | - |
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