IRVINE, CA — Faris Lee Investments successfully completed the $10,000,000 sale of a value-add retail property located in Orange, California. Nick Miller represented both the Buyer and Seller in the transaction.

The property represented a generational asset held by the same ownership family since 1964, maintaining strong community ties throughout its 62-year history. Faris Lee Investments leveraged its proprietary investor database to directly target private investors, 1031 exchange buyers, family offices, and select development groups actively pursuing Orange County value-add retail opportunities.

The asset was strategically positioned as a value-add retail investment along a key Orange, CA arterial retail corridor, offering significant mark-to-market upside, a below-replacement-cost basis, and long-term repositioning and development optionality.

Transaction Execution

Nick Miller conducted a highly structured Best & Final process, carefully qualifying and vetting prospective buyers to ensure alignment with the Seller’s objectives prior to advancing negotiations. The transaction team coordinated closely with all key stakeholders, including the City of Orange, escrow, legal counsel, tenants, property management, and both ownership groups throughout the transaction process.
Despite continued capital markets volatility and a challenging debt environment, Faris Lee Investments successfully navigated aggressive pricing expectations by leveraging a highly competitive, all-cash buyer pool while aligning with the Seller’s & Buyer’s objectives to ensure certainty of execution and a timely closing.

Key Transaction Results:

• Sale Price: $10,000,000 total consideration
• Pricing Metric: Closed at approximately $209 per square foot
• Buyer Interest: Generated 18 competitive all cash offers during the marketing process
• Execution: Successfully closed escrow within an expedited 45-day timeframe

Investment Broker

   Nicholas Miller