
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.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition