Updated Jul 11, 2025
Mark Moshayedi Of Space Investment Partners Purchases Fullerton Metrocenter From John A. Kite For $118.5M
1447 South Harbor Boulevard
$118,500,000
$274/SF
Building Size
431,000 SF
Asset Type
Retail
Closing
Jul 10, 2025
About this deal
AI
The retail asset located at 1307-1447 South Harbor Boulevard in Fullerton was sold for $118,500,000. The property encompasses a total square footage of 431,000 and has a price per square foot of $275. This sale marks a significant transaction in the Orange County market for the year 2025.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $118,500,000
- Buyer: Mark Moshayedi - Space Investment Partners
- Seller: John A. Kite - Kite Realty
- Square Footage: 431,000
- Price per Square Foot: $275
- Market: Fullerton
Mark Moshayedi’s Space Investment Partners acquired the Fullerton Metrocenter from Kite Realty, which represents a notable increase from Kite’s 2021 purchase price of $103 million. The shopping center is anchored by Target and Sprouts, with an additional 17,500 square feet available for lease.
On the Map
$118,500,000
$274/SF
Retail
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Fullerton Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93