Retail Investment Property in Lake Forest, CA Sells for $12.1M

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Dana Plaza, a retail investment property located at 21701 and 21721 Lake Forest Drive in Lake Forest, California, has been purchased by KA Enterprises, a commercial real estate investment company, for $12,100,000. Kidder Mathews’ investment broker Fouy Ly represented KA Enterprises in the transaction, and Parker Commercial broker John Moss represented Dana Lake Forest, LP.

Dana Plaza is a 31,503 square foot shopping center situated on 3.5 acres of land and anchored by Exxon Mobile, 7-Eleven, Lake Forest Montessori School, and Subway.

“Very few multi-tenants retail transactions have taken place during the Pandemic. There were a lot of moving parts in this deal, including the buyer had to close in all cash,” said Ly. “This sale was one of ten multi-tenant retail transactions over $10,000,000 to close in Orange County in 2020. Blackstone bought six, and the remaining four sold to a private investor,” he said.

About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with 900 real estate professionals and staff in 21 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $9.6 billion in transactions, manages over 71 million square feet of space, and conducts 1,700 appraisals annually. For more information, visit kidder.com.

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