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Wood Investments Scores San Clemente 99 Store in Off-Market Deal
Wood Investments Companies, Inc., a fully-integrated commercial real estate investment company specializing in retail, acquired a 25,500-square-foot, freeway-visible property occupied by The 99 Store in the southern Orange Community of San Clemente, in an off-market transaction. The purchase price was $6.95 million.
“Strategically, we like the South Orange County real estate market in the short- and long-term,” said Patrick Wood, CEO and president of Wood Investments Companies. “The 99 Store has been a good tenant and partner of ours in other centers and this was another opportunity to partner with them again.”
The 99 Store’s building is located on 3.09 acres at 55 Via Pico Plaza at the Pico Plaza shopping center, near the Interstate 5 Avenida Pico on/off ramp and a five-minute drive from the beach. Tenants at Pico Plaza include Fitness 19, Dunn-Edwards Paints, Hertz Car Rental, Stuft Pizza, Del Taco and others.
- ◦Sale/Acquisition
