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Walseth Investment Company Represents Regional Grocery Operator In $11.63M Shopping Center Sale In Mission Viejo

Property Image
SOLD
$11,630,000
Michael Walseth
Kevin Fryman
Edward (Ed) Hanley
+ 1

California

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Retail51,312 SF
Sold 04/22/2025
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Property Image
SOLD

Walseth Investment Company Represents Regional Grocery Operator In $11.63M Shopping Center Sale In Mission Viejo

24031 Marguerite Parkway

See Similar Deals
Retail51,312 SF
Sold 04/22/2025
Michael Walseth
Kevin Fryman
Edward (Ed) Hanley
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$226
Total Square Footage:51,312 SF
Transaction Type:Sale

A retail asset located at 24011-24031 Marguerite Parkway in Mission Viejo has been sold for $11,630,000. The property spans 3.42 acres with a total square footage of 51,312. The sale price equates to a price per square foot of $227.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $11,630,000
  • Address: 24011-24031 Marguerite Parkway
  • Market: Mission Viejo
  • Square Footage: 51,312
  • Price Per Square Foot: $227
  • Buyer's Representative: Michael Walseth - Walseth Investment Company
  • Seller's Representatives: Bill Asher, Edward Hanley & Kevin Fryman - Hanley Investment Group

Hanley Investment Group and Walseth Investment Company facilitated the sale of the former Orchard Supply Hardware-anchored shopping center, with the buyer planning to occupy the vacant anchor space. As part of the deal, the seller optimized a Lowe’s lease buyout.

Players

Bill Asher
Hanley Investment Group
Bill Asher
90 deals$653.6M volume
BROKER
Edward (Ed) Hanley
Hanley Investment Group
Edward Hanley
19 deals$308.6M volume(949) 585-7677
BROKER
Kevin Fryman
Hanley Investment Group
Kevin Fryman
37 deals$539.7M volume(949) 585-7674
BROKER
Michael Walseth
Kidder Mathews
Michael Walseth
2 deals$14.7M volume
BROKER

Details

SOLD
IMAGE: Michael Walseth, Bill Asher, Edward Hanley & Kevin Fryman DATE: 04/22/2025 ADDRESS: 24011-24031 Marguerite Parkway MARKET: Mission Viejo ASSET TYPE: Retail ~ ACRES: 3.42 BUYER'S REP: Michael Walseth - Walseth Investment Company SELLER'S REP: Bill Asher, Edward Hanley & Kevin Fryman - Hanley Investment Group (@HanleyInvestmentGroup) SALE PRICE: $11,630,000 SF: 51,312 ~ PPSF: $227 NOTE: Hanley Investment Group and Walseth Investment Company closed the $11.63M sale of a 51,312 SF former Orchard Supply Hardware-anchored shopping center in Mission Viejo, CA, to a regional grocery store operator. The all-cash buyer, represented by Walseth, plans to occupy the vacant anchor space, while the seller, represented by Hanley, optimized a Lowe’s lease buyout as part of the deal.

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Debt Service Coverage Ratio (DSCR)

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