Shopoff Realty Investments Sells Remaining Parcel of Los Alisos Village Shopping Center in Mission Viejo, California
Irvine, Calif. – April 21, 2022 – Shopoff Realty Investments (“Shopoff”), a national manager of opportunistic and value-add real estate investments, announced today the company has sold the remaining 0.67-acre parcel of the Los Alisos Village Shopping Center, for $3.5 million to a private investor. The parcel includes a 4,978-square-foot building currently leased to Village Montessori School. Shopoff previously sold 27,000 square feet of the center in December 2020 for $14.5 million.
Shopoff purchased the entire Los Alisos Village Center in 2015 and completed a full renovation of the property including new facade, roofs, resurfacing and restriping the parking lot, landscaping, tenant signage and a new monument sign.
“Selling the final piece of Los Alisos is a wonderful conclusion to this fantastic investment,” explained Shopoff Realty Investments President and CEO William Shopoff. “We’re pleased to have improved upon this neighborhood shopping center to better serve area residents and look forward to doing future business in the City of Mission Viejo.”
Located in the Orange County community of Mission Viejo, the city is consistently recognized as one of the safest in California, and is a business-friendly, master-planned community with outstanding schools and a talented workforce. The center is positioned at a prime intersection in a dense residential area, and approximately one mile east of a cluster of approximately 500,000 square feet of industrial space and business parks.
About Shopoff Realty Investments
Shopoff Realty Investments is an Irvine, California-based real estate firm with a 30-year history of value-add and opportunistic investing across the United States. The company primarily focuses on proactively generating appreciation through the repositioning of commercial income-producing properties and the entitlement of land assets. The 30-year history includes operating as Asset Recovery Fund, Eastbridge Partners and Shopoff Realty Investments (formerly known as The Shopoff Group). Performance has varied in this time frame, with certain offerings generating losses. For additional information, please visit www.shopoff.com or call (844) 4-SHOPOFF.
This is not an offering to buy or sell any securities. Such offer may only be made through the offerings memorandum to qualified purchasers. Any investment in Shopoff Realty Investments programs involves substantial risks and is suitable only for investors who have no need for liquidity and who can bear the loss of their entire investment. There is no assurance that any strategy will succeed to meet its investment objectives. The performance of this asset is not indicative of future results of other assets. Securities offered through Shopoff Securities, Inc. member FINRA/SIPC, 18565 Jamboree Road, Suite 200, Irvine, CA 92612, (844) 4-SHOPOFF.