California + Orange County + Retail | April 23, 2022

Shopoff Realty Investments sold the last remaining parcel, leased to Village Montessori Center, at Los Alisos shopping center in Mission Viejo

Shopoff Sells Remaining Parcel at Mission Viejo Center

Shopoff Realty Investments has sold the remaining 0.67-acre parcel of the Los Alisos Village Shopping Center in Mission Viejo for $3.5 million to a private investor. The parcel includes a 4,978-square-foot building currently leased to Village Montessori School. Shopoff previously sold 27,000 square feet of the center in December 2020 for $14.5 million.

Shopoff purchased the entire Los Alisos Village Center in 2015 and completed a full renovation of the property including new facade, roofs, resurfacing and restriping the parking lot, landscaping, tenant signage and a new monument sign.

“Selling the final piece of Los Alisos is a wonderful conclusion to this fantastic investment,” said Shopoff president and CEO William Shopoff. “We’re pleased to have improved upon this neighborhood shopping center to better serve area residents and look forward to doing future business in the city of Mission Viejo.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).