BAKER RANCH STRIP CENTER

LAKE FOREST, CA

$4,820,000

5,800 SQ FT.

Baker-Ranch

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

CHALLENGES

  • 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.

MARKETING STRATEGY

  • 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.

RESULTS

  • 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.