San Clemente, CA – Faris Lee Investments, a leading national retail investment sales firm, has successfully completed the sale of Plaza Pacifica, a high-quality neighborhood retail center located in the heart of San Clemente’s affluent South Orange County trade area. The property closed at a price of $21,000,000. Plaza Pacifica benefits from an irreplaceable, master-planned location and is shadow anchored by Pavilions, which was recently upgraded from Albertsons, along with Walmart, Lowe’s, and the new Hoag Medical Facility. The center features a strong mix of daily-needs retailers and has demonstrated long-term historical occupancy with consistent performance.
Don MacLellan, Managing Principal from Faris Lee Investments executed a targeted marketing strategy emphasizing the long-term real estate fundamentals of the asset, including the lack of future retail competition, strong surrounding demographics, and highly desirable shop space configurations. The campaign focused on attracting 1031 exchange buyers and high-net-worth family offices, while highlighting the center’s flexible shop sizes, strong demand for smaller-format retail, and no restrictions on food concepts.
The offering generated multiple competitive offers, ultimately resulting in the procurement of a high-net-worth Orange County-based family office buyer. The transaction closed at contract price in less than 60 days based on buyer’s need to close prior to year-end. In addition, Faris Lee was able to facilitate a life company loan assumption approval within 30 days, underscoring Faris Lee’s ability to efficiently navigate complex capital structures.
This sale further demonstrates Faris Lee Investments’ expertise in positioning high-quality retail assets, executing targeted marketing strategies, and meeting seller’s price expectations for Core assets in affluent trade areas with high-barriers-to-entry.
About Faris Lee Investments:
Faris Lee Investments is one of the nation’s leading retail investment advisory firms, and among the first to operate under a unified, team-oriented platform. The company combines advanced underwriting, market research, and creative marketing strategies designed to maximize client value. Faris Lee provides advisory services across dispositions, acquisitions, recapitalizations, distressed asset resolutions, portfolio sales, and corporate sale-leaseback transactions.
For more information, visit www.farislee.com