2240 E Palmdale Blvd, Palmdale, CA 93550

Towne Square East Plaza is a 92,073-square-foot neighborhood shopping center offered on a fee simple basis, 93% occupied and set on 13.85 acres in Palmdale, California. The tenant mix is anchored by Crunch Fitness, the United States Postal Service, and the Los Angeles County Department of Mental Health, supported by additional pad sites that include service and restaurant users. The center has benefited from nearly $500,000 in capital improvements and approximately $5,000,000 in tenant improvements over the past decade, reflecting ongoing investment in the property.

The center is positioned along East Palmdale Boulevard with 34,000 vehicles passing daily, and it provides convenient access to Aerospace Highway. It sits within a dense retail corridor that includes major national tenants such as Target, The Home Depot, and Ross, supporting visibility and connectivity for everyday shopping and services.

For buyers or operators seeking a retail asset with an established, resilient tenant base, Towne Square East Plaza offers stable in-place income supported by its anchored users and continued leasing opportunity from remaining vacancy. The offering is located within a designated California Opportunity Zone, which may provide investors flexibility through qualified Opportunity Zone investment structures. Projected financials cited by the seller include a Year 1 NOI of $1,412,173 at a 7.55% cap rate and a Year 3 stabilized cap rate of 9.24%.