2240 E Palmdale Blvd Palmdale, CA 93550

Marcus & Millichap is pleased to present the opportunity to acquire the fee simpleinterest in Towne Square East Plaza, a 93% occupied neighborhood shopping centerlocated in Palmdale, California (Los Angeles County). Offered at $18,700,000, the propertyencompasses 92,073 square feet of rentable space on 13.85 acres and is anchored by astrong mix of internet-resistant tenants including Crunch Fitness, the United States PostalService, and Los Angeles County Department of Mental Health. The center also featuresmultiple pad sites with service and restaurant users, creating a diverse and durabletenant base supported by nearly $500,000 in capital improvements and approximately$5,000,000 in tenant improvements over the past decade.Strategically positioned along East Palmdale Boulevard with 34,000 vehicles passingdaily and convenient access to Aerospace Highway, the property benefits from excellentvisibility and connectivity within a dense retail corridor surrounded by major nationaltenants such as Target, The Home Depot, and Ross. The subject property is located withina designated California Opportunity Zone, established under the Tax Cuts and Jobs Act of2017, which may provide investors the ability to defer or reduce capital gains taxes throughqualified Opportunity Zone investment structures. California contains 879 designatedOpportunity Zones, with approximately 3.0 million residents living within these areas. Theoffering provides investors with both stable in-place income and upside through lease-upof remaining vacancy, projecting a Year 1 NOI of $1,412,173 at a 7.55% cap rate and a Year 3stabilized cap rate of 9.24%. Located within a California Opportunity Zone and supportedby strong five-mile demographics of nearly 144,000 residents with average householdincome above $90,000, Towne Square East Plaza represents a compelling long-terminvestment opportunity. 7.77%