Unknown Family Trust Buys Retail Property In Orange For $8.8M

A single-tenant retail property located at 1809 W. Chapman Ave in Orange, California, was sold for $8,800,000. The property encompasses a total of 21,000 square feet and is currently occupied by Fresenius Medical Care, a dialysis clinic, under an absolute, triple-net lease agreement. The transaction took place within the Orange market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,800,000.00
• Address: 1809 W Chapman Ave, Orange, CA
• Market: Orange
• Square Footage: 21,000
• Buyer's Representative: Matthew Graham-Eastdil Secured
• Buyer: Unknown Family Trust
• Seller's Representatives: Glenn Rudy and Rob Ippolito - Newmark Knight Frank
• Seller: Adray Plaza

Matthew Graham represented the buyer, a Southern California-based family trust, in this transaction, while Glenn Rudy and Rob Ippolito acted as representatives for the seller, Adray Plaza. The transaction was conducted as part of a 1031 exchange.