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California  + Orange County  + Retail  | 

Aliso Viejo Retail and Medical Building Fetches $9M

Hanley Investment Group Real Estate Advisors arranged the sale of a two-story, 24,986-square-foot retail and medical building within the Aliso Viejo Town Center, a 380,000-square-foot community center in Aliso Viejo. The center is anchored by Ralphs, CVS Pharmacy, Staples, TJ Maxx, HomeGoods, PetSmart and Regal Cinemas. The sale price was $9.4 million.

VP Sean Cox and EVP Kevin Fryman represented the seller, a private investor based in San Francisco. The buyer, a private investor from Irvine, was represented by Alton Burgess, a senior vice president with Voit Real Estate Services in Irvine.

“We generated eight qualified offers and selected a private investor who owned multiple restaurant concepts,” said Cox. “Prior to formally marketing the property for sale, we advised the seller to extend near-term leases and execute new leases to provide minimal lease rollover for the buyer, thereby increasing the value of the asset.”

Located at 26711 Aliso Creek Rd. in Aliso Viejo, the 24,986-square-foot building was built in 2004.

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Inside The Story

Hanley Investment Group's Cox

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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