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9/09/21
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Lake Forest Center, a 17.2k sf shopping center in Lake Forest, sold for $5.7 mil, or $330/sf. The buyer was a private investor based out of the state of Maryland.
Lake Forest Center is located 20761 Lake Forest Dr, surrounded by major companies such as Oakley Inc, Kaiser Aluminum, Panasonic, Etnies, Johnny Rockets and Del Taco. It was sold by a California-based, private family trust.
Orbell Ovaness, Ara Rostamian and Peter Xiao with Marcus & Millichap represented the seller in the deal. According to Ovaness, the listing generated seven qualified bidders.
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