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