KA Enterprises Acquires Retail Property In Lake Forest For $12.1M

The retail property located at 21701 & 21721 Lake Forest Drive in Lake Forest has been sold for $12,100,000. The asset spans a total of 31,503 square feet, resulting in a price per square foot of $384. The transaction took place on January 7, 2021. The property is occupied by tenants including 7-Eleven and Subway.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $12,100,000
• Address: 21701 & 21721 Lake Forest Drive
• Market: Lake Forest
• Square Footage: 31,503

The buyer of the property is KA Enterprises, while the seller is Dana Lake Forest LP. The deal was facilitated by brokers Fouy Ly from Kidder Mathews and John Moss from Parker Commercial.