Peter Yu Acquires Four Retail Properties In Fountain Valley For $24.5 Million From Fortress Investment Group And DJM Capital
17070 Magnolia Street
$24,500,000
$398/SF
Building Size
61,450 SF
Asset Type
Retail
Closing
Apr 8, 2025
AI
The retail asset involved in the sale consists of four properties located at 17070, 17020-17150, 17048 & 17130 Magnolia Street in Fountain Valley. The total sale price for the properties is $24,500,000, translating to approximately $399 per square foot for the 61,450 square feet portfolio.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $24,500,000
- Square Footage: 61,450
- Price per Square Foot: $399
- Buyer: Peter Yu
- Seller: Pete Briger, Jr. & Dean Dakolias - Fortress Investment Group; D. John Miller - DJM Capital
- Date of Transaction: 04/08/2025
- Market: Fountain Valley
The deal marks a quick flip for Fortress Investment Group, which acquired the properties in 2022 as a component of a larger transaction valued at $151 million. The collaboration between Peter Yu and the sellers reflects a strategic alignment in the retail market of the area.
Players
Fountain Valley Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93