FARIS LEE
IN THE NEWS
Citibank Building in Costa Mesa Sells for $5M
An 8,118-square-foot building in Costa Mesa that is triple-net leased to Citibank has sold to a Pasadena, Calif.-based family trust for $5 million. The building…
Single-Tenant OC Property Goes for Over $600/sf
An 8.1k sf, single-tenant property in Costa Mesa sold for $5.04 mil ($622/sf). The NNN-leased retail asset is fully occupied by Citibank, which has 10…
LA Investor Closes $6 Mil Sale/Leaseback Deal in Irvine
In a recent $6.1 mil sale-leaseback deal in Irvine, Los Angeles-based Everwin Investments Inc acquired a 16.6k sf single-tenant, NNN-leased retail property fully occupied by…
Chichester: Retail Sector Seeing “Excitement and Stability”
NEW YORK CITY—During the International Council of Shopping Centers New York National Deal Making Conference, Faris Lee Investments CEO and president Rick Chichester took time…
Faris Lee Investments Completes $5.04 Million Sale of NNN-Leased Single-Tenant…
IRVINE, Calif., – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $5.04 million sale of an 8,118-square-foot, single-tenant, NNN-leased retail property fully occupied by Citibank in Costa Mesa, Calif.…
Retail Property Appreciates 25% in 3 Years
BALDWIN PARK, CA—A 24,262-square-foot retail property has appreciated 25% in the three years due to the improving market. Gershman Properties purchased the 13-tenant site three years ago for $9.7…