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Continuum Analytics Acquires Kaleidoscope Mall In Mission Viejo For $33.5M

Property Image
SOLD
$33,500,000

California

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Industrial243,000 SF
Sold 10/09/2023
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Property Image
SOLD

Continuum Analytics Acquires Kaleidoscope Mall In Mission Viejo For $33.5M

27741 Crown Valley Parkway

See Similar Deals
Industrial243,000 SF
Sold 10/09/2023
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$137
Total Square Footage:243,000 SF
Transaction Type:Sale

The Kaleidoscope mall in Mission Viejo, CA, was sold for $33.5 million in a recent transaction. The property spans across 4.9 acres and is located at 27741 Crown Valley Parkway. The retail asset, covering an area of 243,000 square feet, has a price per square foot of $138. The market where the transaction took place is Mission Viejo.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $33,500,000
  • Address: 27741 Crown Valley Parkway
  • Market: Mission Viejo
  • Acreage: 4.9

Continuum Analytics, represented by Michael Kluchin, acquired the Kaleidoscope mall. The seller, Westport Capital Partners LLC, was represented by Sean F. Armstrong. The property had previously been only half-occupied, but it has now reached a occupancy rate of over 70%. There are plans in place to revitalize the remaining space and explore potential redevelopment opportunities.

Players

WP
Westport Capital Partners
SELLER

Details

SOLD
IMAGE: Sean F. Armstrong & Michael Kluchin DATE: 10/09/2023 ADDRESS: 27741 Crown Valley Parkway MARKET: Mission Viejo ASSET TYPE: Retail ~ ACRES: 4.9 BUYER: Continuum Analytics - Michael Kluchin (@MikeKluch) SELLER: Westport Capital Partners LLC - Sean F. Armstrong SALE PRICE: $33,500,000 SF: 243,000 ~ PPSF: $138 NOTE: The Kaleidoscope mall in Mission Viejo, CA, was sold for $33.5 million to a buyer linked to Continuum Analytics. The property, previously half-occupied, is now over 70% occupied, with plans to rejuvenate the remaining space and consider potential redevelopment.

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