The retail asset located at 30451-30465 Avenida De Las Flores in Rancho Santa Margarita encompasses 29,418 square feet and was acquired for $22,760,000. The unanchored retail space includes tenants such as Starbucks and Luna Grill and is part of the Santa Margarita Marketplace. The property is situated within a competitive market known for its commercial potential.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $22,760,000
• Address: 30451-30465 Avenida De Las Flores
• Market: Rancho Santa Margarita
• Square Footage: 29,418
• Price per Square Foot: $774
• Buyer: David R. Lukes - Curbline Properties Corp.
• Seller: K&G Marketplace
• Brokers: Chris DePierro, Jeff Conover, Scott DeYoung & Greg Lukosky - Faris Lee Investments

Curbline Properties Corp. aims to enhance its portfolio through this acquisition as part of a broader $100 million investment strategy following its spin-off from SITE Centers. The brokers involved in this transaction represent a significant presence in the retail real estate market, with the deal demonstrating their expertise in facilitating high-value transactions.