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California  + Orange County  + Retail  | 

Combined Investments Acquires South County MOB, Retail MXU

La Paz Plaza, a 51,766-square-foot low-rise medical office and retail campus located in South Orange County’s master-planned community of Mission Viejo, CA, sold for $32.375 million. Combined Investments purchased the asset from Flinn West, a Newport Beach, CA-based private real estate firm.

La Paz Plaza is situated in a charming and well-landscaped brick and stone courtyard plaza, and is comprised of four beautifully constructed Spanish-style buildings. The property is 96% leased, with nearly 75% of net rentable area occupied by a diversified mix of medical tenants and 25% retail users.

JLL’s Matt Berres and G. Ryan Smith represented the seller.

Berres says, “Flinn West did an incredible job with the re-positioning of La Paz Plaza over the past several years, converting general office suites to medical office to capitalize on the growing demand in the immediate area.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition