Mission Viejo, CA (January 11, 2020) — Faris Lee Investments has arranged the purchase of a vacant flex office/industrial building in Mission Viejo, CA for $4.71 million in an ALL-CASH transaction.
Tom Chichester and Nick D’Argenzio, Managing Directors at Faris Lee Investments represented the Buyer in the acquisition. The Buyer, based out of Beverly Hills, plans to release and redevelop the site to suit a long-term user.
The property is located at 23311 Madero, near the I-5 freeway with immediate access to El Toro Road, directly behind Target and the new Amazon distribution center, across the street from the Mission Viejo Commerce Park.
“The building is located in a very desirable south Orange County location, which presented our client with a rare value-add opportunity,” says Tom Chichester. “We were able to win the deal with an all-cash, quick offer, resulting in a favorable outcome for our all parties.”