3/27/2009

Orange County retail center sells for $4.325M

by
Oh Family Trust of Chino Hills, Calif., has acquired an 8,116-square-foot shopping center in Santa Ana, Calif., from HPSC II LLC, an entity of Red Mountain Retail Group, for $4.325 million.

Carlos J. Lopez of Hanley Investment Group represented the seller in the transaction, while James Kwon at Coldwell Banker Best Realty represented the buyer.

Located at 1935 East 17th Street, and known as Home Place, the freestanding four-tenant building includes Union Bank, Cantaloop Yogurt, Ritz Nails and Dorazio Learning Center.

In addition, the center features a Carl's Jr. drive-thru and a soon-to-be-completed multi-purpose building that will feature a ground-floor food court that includes: Buffalo Wild Wings, Chipotle, L&L Hawaiian Barbeque and California Shabu Shabu. The property was 100 percent occupied at the time of sale.

Address: 1935 East 17th Street, Santa Ana, Calif.

Size: 8,116 square feet

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Filed Under: Retail

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