DJM Capital Acquires Retail Property On Alicia Parkway In Mission Viejo For $39.5M

The retail property located at 23972-24042 Alicia Parkway in Mission Viejo has been sold in a closed transaction. The property, spanning approximately 79,000 square feet, was acquired by DJM Capital from the Gerrity Group. The sale price for the retail asset was $39,500,000, resulting in a price per square foot of $500.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $39,500,000
• Address: 23972-24042 Alicia Parkway, Mission Viejo
• Market: Mission Viejo
• Buyer: DJM Capital
• Seller: Gerrity Group
• Brokers: Gleb Lvovich, Bryan Ley, Geoff Tranchina, and Daniel Tyner - JLL
• SF: 79,000
• PPSF: $500

The deal was facilitated by Gleb Lvovich, Bryan Ley, Geoff Tranchina, and Daniel Tyner from JLL, representing the buyer and seller in the transaction.