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October 22, 2019
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ORANGE COUNTY NEWS
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Guthrie Development Spends $5.8 Mil on South OC Commercial Property

3/27/17

Guthrie Development recently purchased a six- building multi-tenant retail, office, and service commercial project totaling 24.5k sf in Laguna Niguel. The buildings, located at 27781-27841 La Paz Rd, were purchased from La Paz Partners for $5.8 mil ($237/sf).

The property consists of ten individual units. Each of the buildings resides on its own parcel. Guthrie will do some initial capital improvements and in turn sell each building to an owner/user or as a leased investment. The flexible zoning permits a wide range of retail and office uses.

Larry Schuler of CBRE represented the buyer in the deal. Josh Cunningham and Travis Dunn of Newmark Grubb Knight Frank repped the seller.





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