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3/24/25
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A Shopoff Realty Investments-led joint venture has obtained $49 mil financing for Amway South Campus Sale-Leaseback, a 13.75-acre property located in Buena Park. The two-year, fixed-rate stretched senior loan replaces previous financing.
The property, currently occupied by Amway Corporation, consists of two connected buildings totaling 370k sf. The property's strategic location in Buena Park offers excellent access to major transportation corridors and employment centers throughout Orange County and the greater Los Angeles area.
As part of the transaction, Amway will execute a 24-month sale-leaseback agreement, providing near-term cash flow while the new owners pursue entitlements for residential redevelopment. Shopoff Realty Investment plans to re-entitle the asset for for-sale townhomes, capitalizing on the strong housing demand in Orange County.
"This acquisition represents a unique opportunity to transform an existing industrial asset into much-needed housing in a supply-constrained market," said William Shopoff, President and CEO of Shopoff Realty Investments.
Jamie Kline and Kyle White with JLL Capital Markets arranged the financing.
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