Faris Lee Investments Facilitates $21 Million Sale Of Plaza Pacifica Retail Center In San Clemente

The asset involved in the transaction is Plaza Pacifica, a neighborhood retail center located at 804-989 Avenida Pico in San Clemente. The property was sold for $21 million and is shadow-anchored by Pavilions, Walmart, Lowe’s, and Hoag Medical Facility.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $21,000,000
• Market: San Clemente
• Broker: Don MacLellan - Faris Lee Investments
• Buyer: High-net-worth Orange County family office

Don MacLellan of Faris Lee Investments represented the seller in the transaction, facilitating the sale to the buying party.