BAKER RANCH STRIP CENTER
LAKE FOREST, CA
5,800 SQ FT.
AT A GLANCE
Irreplaceable Orange County location, trophy real estate within a master planned community.
Dynamic line-up of internet resistant tenants featuring NNN leases with above market rental increases. Tenant Mix: Tenko Sushi, Ameci Pizza, Starline Nails & Spa
Affluent immediate trade area, exceptionally strong household income of $140k within a one-mile radius
Marketed and sold prior to all the tenants opening for business.
No national/credit tenants within the strip center.
Aggressive cap rate, being a pre-sale and tenant line-up.
Identified buyer profile: Private Asian Buyer.
Marketed to Faris Lee’s proprietary buyer pool.
Showcased the strength of the location and trade area.
Utilized Faris Lee’s exclusive 1031 trading desk platform.
Received offer within 1st day of going to market, with multiple competing back-up offers.
Sold within 99% of asking price at record breaking 48% cap rate.