Walseth Investment Company Represents Regional Grocery Operator In $11.63M Shopping Center Sale In Mission Viejo
24031 Marguerite Parkway
$11,630,000
$226/SF
Building Size
51,312 SF
Asset Type
Retail
Closing
Apr 22, 2025
AI
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
Mission Viejo Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93