Clay Duvall And David Binswanger Of Lincoln Property Company Acquire Retail Asset In Orange For $69.6M

The transaction involves the sale of a retail property located at 2164 North Batavia Street in Orange, California. It was sold for a transaction amount of $69,600,000, encompassing a substantial square footage of 250,000, which amounts to a price per square foot of $278.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $69,600,000
• Address: 2164 North Batavia Street
• Market: Orange
• Square Footage: 250,000
• Price Per Square Foot: $278
• Buyer: Clay Duvall & David Binswanger - Lincoln Property Company; Deborah Harmon - Artemis Real Estate Partners
• Seller: Frick Paper Co. & Frick Family Properties
• Sale-Leaseback Duration: 12 months

Lincoln Property Company and Artemis Real Estate Partners facilitated the acquisition of the property and intend to make upgrades prior to marketing the facility for lease. The sellers, Frick Paper Co. and Frick Family Properties, executed a sale-leaseback arrangement as part of this transaction.