HFF closes $15.12 million sale of Orange County, CA shopping center outparcel pads

Trabuco Hills Shopping Center, 27785, 27845 and 27865 Santa Margarita Parkway
Mission Viejo, South Orange County, CA

CJ Osbrink

 IRVINE, CA – HFF announced it has closed the $15.12 million sale (including a defeasance cost of approximately $930,000) of three outparcel retail pads totaling 24,250 square feet at Trabuco Hills Shopping Center, a 132,376-square-foot, grocery-anchored retail center in Mission Viejo, a city in south Orange County, California.

               HFF marketed the property on behalf of the seller, Trabuco Hills Pads, LLC.  C3 Properties, LLC purchased the asset free and clear of existing debt.

               The pads are located at 27785, 27845 and 27865 Santa Margarita Parkway with frontage along the route, a heavily-trafficked south Orange County road with more than 28,000 vehicles per day.  More than 160,000 households with an average annual income of more than $115,000 live within a five-mile radius. 

The pads total 2.67 acres and are 100 percent leased to Walgreens; Claim Jumper, a Landry’s, Inc. restaurant; and Ramona Tire & Service. 

               The HFF investment sales team representing the seller was led by CJ Osbrink and Nick Foster out of the Orange County office.  Trevor Harris, Matt Crawford and Jim Wellbaum with Triwell Properties represented the buyer.

Founded in 2008, and headquartered in Orange County, Trabuco Hills Pads, LLC (an affiliate of Webb Management & Investments, LLC), is a privately held owner and manager of real estate investments across various product types and in multiple markets.

  

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

tel (main) 617-338-0990 | (direct) 617-848-1572 | cel 617.543.4873 | www.hfflp.com

krmurphy@hfflp.com