Rancho Santa Margarita, CA, November 12, 2024 — Faris Lee Investments, a leading national real estate advisory firm, is pleased to announce the successful completion of the sale of Parcels 2 & 3 at Plaza Empresa in Rancho Santa Margarita, California, for $19 million ($485 per square foot).

Scott DeYoung, Senior Managing Director; Jeff Conover and Shaun Riley, Managing Principals; and Greg Lukosky, Director at Faris Lee represented the seller in this transaction, which is part of a broader break-up strategy for the Plaza Empresa Commercial Center.

The sale of Parcels 2 & 3 was made to a 1031 Exchange buyer from Southern California who was represented by Nathan Holthouser and Rebecca Canalez of Coastal Commercial. The property is anchored by the United States Post Office and Laguna Beach Brewery, both of which provide long-term, stable rental income.

Faris Lee previously completed the sale of Parcel 1 for $5.2 million to a 1031 Exchange buyer as well.

The Plaza Empresa Commercial Center is located in an affluent master-planned community with high barriers to entry, ensuring strong tenant demand and consistent rental growth. This sale underscores Faris Lee Investments' ability to maximize value for its clients in a competitive retail real estate market.

“We are proud to have successfully completed the sale of parcel 2 & 3. Our firm has a strong track record of executing the shopping center disposition strategy for our clients,” said Scott DeYoung, Senior Managing Director at Faris Lee Investments. “This transaction highlights the strength of our team in delivering exceptional outcomes for our clients and the continued demand for well-located retail properties in Rancho Santa Margarita and throughout Southern California.” Shaun Riley added.

About Faris Lee Investments:

Faris Lee Investments is one of the leading retail investments firms in the US and is one of the original firms specializing in retail investment sales throughout the country. Faris Lee combines underwriting and market research that exceeds industry standards with a custom strategy to maximize values for their clients’ .The firm also serves as high level investment advisors in the areas of dispositions, acquisitions & recapitalizations as well as, distressed asset disposition, portfolio sales, and corporate sale-leaseback. For more information, visit www.farislee.com

Media Coverage: CRE News
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