Igor Royz Of Royz Mission LLC Purchases Retail Property From Watson Bros Properties For $4.375M

The retail property located at 25552 El Paseo in Mission Viejo features a total square footage of approximately 7,500 square feet. It was sold for a transaction price of $4,375,000, translating to a price per square foot of $583. This asset is a free-standing retail building situated in a market known for its family-friendly amenities and well-organized neighborhoods.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,375,000
• Address: 25552 El Paseo
• Market: Mission Viejo
• Buyer: Igor Royz - Royz Mission LLC
• Seller: Watson Bros Properties
• Broker: Jamie H. Kim CCIM - The Phronesis Group
• Square Footage: 7,500
• Price per Square Foot: $583

Jamie H. Kim, CCIM represented the seller in this transaction, leveraging her expertise in negotiation to facilitate a successful deal. Universal Appliance and Kitchen Center (UAKC) is slated to open its sixth location in Mission Viejo, marking a significant expansion for the brand, which was founded in 2000 and has become a leading appliance retailer in Southern California. The new store will benefit from the proximity to a forthcoming Costco Wholesale Fueling Station, expected to enhance customer traffic.