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10/03/25
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A three-building, 36.4k sf retail/industrial portfolio in North Orange County and L.A.’s MidCounty area traded hands in a recent $15.5 mil transaction. The properties are located at 16211-16217 Heron Ave in La Mirada, 1268 S. Grand Ave in Santa Ana, and 1821 N. Tustin St in Orange. The three buildings are currently 100% occupied and are situated in core Orange County locations with access to retail, dining, and entertainment amenities and high traffic exposure.
1821 N. Tustin St, Orange |
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Chuck Wilson with Colliers represented the buyer, Rancho De Los Cazadores, who acquired the portfolio as part of a 1031 Exchange and Southern California expansion plan. Colliers’ Q2 research reports indicate that the Orange County retail market is navigating a shift, but key indicators suggest some stability is ahead.
“The North Orange County area hasn't necessarily seen a surge in sales activity when it comes to larger assets, but activity remains consistent in mid-to-small-sized buildings,” said Wilson. “Leasing activity remains steadfast, but the market has experienced an uptick of tenant departures. The sale of these assets demonstrates increased demand for smaller, freestanding buildings due to limited product availability.”
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