Tuesday, March 27, 2012

Voit Helps National Auto Parts Retailer Expand Its Orange County, CA Presence With New 6,000-SF Lease



SAN JUAN CAPISTRANO, CA – Voit Real Estate Services’ Irvine office has successfully directed a new 15-year, 6,000 square-foot retail lease in San Juan Capistrano, Calif. for O'Reilly Automotive, Inc.

The building (top left photo), formerly a Sizzler, was in negotiations with a fast food chain for over two years until design permits caused a deal to fall through, allowing the Voit team to move quickly to secure the space for its client, according to Keith Kropfl (middle right photo), Senior Vice President in Voit’s Irvine office.

 Kropfl represented the lessee, O'Reilly Automotive, Inc., an auto parts retailer with over 3,600 locations nationwide. O'Reilly Automotive, Inc. currently has over 290 retail locations throughout California, and plans to use this property for its growing Orange County presence.  

“Voit has been tracking the San Juan Capistrano market for several years to find an ideal location to fit O'Reilly Automotive’s needs,” said Kropfl. “The company required a free-standing building with parking, located at a major arterial. We knew that this building and location was a great match for our client, and we diligently tracked the property and worked quickly to complete the lease once it became available.”

The lessor, Theodore H. Stroscher Investments, LLC, was represented by Jim Clarkson of Strategic Retail Advisors.

The property, located at 31863 Del Obispo in San Juan Capistrano, Calif., is situated on one acre of land, between I-5 and downtown San Juan Capistrano.

 Contact:

Jenn Quader or Judith Brower
Brower, Miller & Cole
(949) 955-7940

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