PLAZA EL PASEO
RANCH SANTA MARGARITA, CA
106,920 SQ FT.
Legacy lifestyle center in highly affluent Orange County community.
Created a 1031 exchange strategy for the investor – sale of apartments to trigger exchange.
Buyer Profile: 1031 Apartment exchange buyer.
AT A GLANCE
$32,000,000 low leverage conduit loan (requiring loan assumption by buyer).
2 properties encumbered by one CMBS loan
Property had been unsuccessfully marketed by another national firm prior to Faris Lee taking on the assignment.
Communicate high demand for vacant space within the subject property to show income appreciation potential.
Utilize Faris Lee Investments trading desk to find low leverage investor with required liquid funds.
Create 1031 strategy for investor – sale of apartments to trigger exchange requirement.
Created a 1031 exchange need by identifying the assets to be sold, producing required equity.
Fulfilled investor’s need for a legacy/generational asset investment.
Developed a strategy to create a buyer which fit a very narrow segment of the market.