News

IRVINE, Calif., May 2018 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $10.15 million sale of a newly constructed single-tenant, 54,942-square-foot retail building fully occupied by Hobby Lobby. The triple-net leased asset is located within...

Restaurant space to be converted to dental offices for use by new owner

IRVINE, Calif., May 8, 2018 – In a strategic move to maximize long-term returns for its client, Faris Lee Investments has brokered the $5.63 million acquisition of an approximately 96,000-square-foot industrial property in San Antonio, TX. Faris Lee advised the client...

Property with Drive-Thru is Located at Entrance to High-Traffic Shopping Center

IRVINE, Calif., April 20, 2018 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $2.25 million sale of a 3,260-square-foot single-tenant retail property that is triple-net leased to a Jack in the Box franchisee. Managing Directors Joe...

Irvine, CA (March 22, 2018) – Faris Lee Investments is now a strategic partner with X Team Retail Advisors, an integrated retail advisory and brokerage organization consisting of  36 member firms, representing 40 markets across North...

South Orange County Trophy Property is Across the Street from Laguna Hills Mall

IRVINE, Calif., February 15, 2018 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $10 million sale of a 12,573-square-foot retail property on 1.08 acres located at 959 Crenshaw Blvd. in Los Angeles. The free-standing building is...

IRVINE, Calif., February 14, 2018 – Faris Lee Investments has completed the $21 million sale of Southwood Village, a 66,958-square-foot neighborhood retail center in Torrance, Calif. Faris Lee’s President and CEO Richard Chichester and Senior Managing Partner Donald MacLellan represented...

Transaction breaks records for lowest cap rate and highest price per square foot for a CVS property sold over $10 million

IRVINE, Calif., February 6, 2018 – Faris Lee Investments has completed the $15 million sale of a newly built, freestanding, 40,376-square-foot office building in Long Beach, Calif. It is fully occupied by United Pacific, one of the largest independent owners...

IRVINE, Calif., January 31, 2018 – Faris Lee Investments has completed the $5.73 million sale of Lakeshore Village Marketplace, a value-add, 80,000-square-foot neighborhood retail center in Moreno Valley, Calif. Faris Lee’s Senior Managing Partner Donald MacLellan and Director Joseph Chichester...

Retail property sale breaks record for one of the highest price per square foot at over $800 for South Orange County for past 12 months

IRVINE, Calif., January 18, 2018 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $15 million sale of CVS Beach Garfield Center, a 31,140-square-foot neighborhood retail property anchored by CVS/pharmacy on Beach Blvd. in Huntington Beach, Calif....

IRVINE, Calif., January 12, 2018 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $3.17 million sale of a newly developed, 2,500-square-foot single-tenant, triple net-leased retail property that is occupied by Starbucks Coffee with a drive-thru.  The...

IRVINE, Calif., January 11, 2018 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $6.1 million sale of a recently renovated 20,662-square-foot single-tenant, triple net-leased retail property that is occupied by Crunch Fitness in Van Nuys, Calif....

IRVINE, Calif., December 7, 2017 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $6.05 million sale of a 14,990-square-foot freestanding retail property triple-net leased to Walgreens in Northglenn, CO, a city 20 miles north of downtown...

IRVINE, Calif., October 25, 2017 – Faris Lee Investments has completed the $3.5 million absolute NNN ground lease sale of a single-tenant freestanding retail building occupied by McDonald’s in Atlanta, GA. Director Scott DeYoung and Senior Managing Director Jeff Conover...

IRVINE, Calif., October 19, 2017 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the approximately $3.53 million sale of a 6,440-square-foot retail building in Moreno Valley, Calif. The property is fully occupied by two corporate tenants –...

Two new freestanding buildings are occupied by Planet Fitness and Dollar Tree