Moore calls the deal "a rare gem" in an Orange County marketwhere retail properties are hard to find and are selling for topdollar. "The buyer was able to secure a true value-add opportunitywith a cap rate of 7.2%," Moore says. Besides providing avalue-added upside, Moore says, the center will produce returns forthe buyer immediately.

The one-story center is at 3150 Lincoln Ave., near the I-5 and91Freeways in West Anaheim. It is 100% occupied, but the buyer's planis to establish a better tenant mix to maximize the value, Mooreexplains. The property was sold by Anaheim West LLC, which wasrepresented by Inco Company Realty Inc.

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