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Faris Lee Closes Anaheim Restaurant Sale to 1031 Buyer
Faris Lee Investments completed the sale of Solita Restaurant, a new single-tenant net-leased restaurant located in the Platinum Triangle of Anaheim. The property was acquired by a 1031 investor for a closing price of $7,625,000, or $1,116 per square foot.
Senior managing director Scott DeYoung, managing principal Jeff Conover and director Greg Lukosky, represented the seller, Orange County-based real estate developer and investor Burnham-Ward Properties, as well as the buyer
Despite a challenging debt market with rising interest rates during the marketing period, Faris Lee completed a successful transaction. The team strategically focused on California 1031 exchange buyers with little to no debt requirements and actively targeted the local Southern California investment community.
- ◦Sale/Acquisition


