Faris Lee Investments Successfully Completes the First Phase of A Break Up Strategy At Plaza Empresa Commercial Center In Rancho Santa Margarita, Ca With An All Cash Closing

Rancho Santa Margarita, CA – March 6, 2024 – Faris Lee Investments, a leading national retail investment firm, is pleased to announce the successful sale of the Shops at Plaza Empresa (parcel 1), a prime investment opportunity in the affluent South County Orange County city of Rancho Santa Margarita. The transaction, sold at $5,208,000.00 which represented a 6.24% cap rate.

Scott DeYoung, Senior Managing Director, Jeff Conover, Managing Principal, and Shaun Riley, Managing Principal at Faris Lee Investments, represented the seller in the transaction.

The Shops at Plaza Empresa is part of the Plaza Empresa Commercial Center, offering investors an opportunity to acquire a portion of a well-established, center of town commercial center in a master-planned community. The property, with only five tenants, featured full occupancy and provided immediate cash flow without the need for near-term leasing.

The property offers a strategic tenant mix with 72% of the income stream leased to Health/Wellness uses and the remainder to Pet Care uses, aligning with robust industry growth trends, and a realistic value-add opportunity with existing below-market rents averaging just $2.05 per square foot.

Faris Lee Investments generated multiple offers and created a competitive bidding environment. Escrow closed with a Los Angeles based, all-cash 1031 Exchange investor.

The Shops at Plaza Empresa represents a compelling investment opportunity, strategically positioned to capitalize on the growth of the global wellness industry and the booming pet care sector. The property's location in the master-planned community of Rancho Santa Margarita further solidifies its appeal, with high barriers to entry and strong support from the local community.

Faris Lee Investments continues to demonstrate its commitment to delivering exceptional results for clients through strategic insight, market knowledge, and a collaborative approach.

About Faris Lee Investments:
Faris Lee Investments is a leading national retail investment firm founded in 1996 and is based in Irvine, California. The firm specializes in commercial real estate investment sales, brokerage, and advisory services. In addition, the firm provides a national marketing platform of properties for sale, asset appraisal, property valuation, debt structuring, negotiation, market research, and analysis services. Faris Lee combines underwriting and research that exceeds industry standards with a marketing strategy to transform investment potential, enhance value and provide their clients the competitive advantage needed when making investment decisions. The firm also serves as institutional advisors in the areas of acquisitions and dispositions, merchant banking, distressed asset disposition, private equity, and corporate sale-leaseback. For more information, visit www.farislee.com

Media Coverage: https://www.connectcre.com/stories/faris-lee-completes-phase-one-of-rancho-santa-margarita-break-up-strategy/


Subscribe to receive news direct to your inbox.

Copyright © 2019 Faris Lee Investments