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SRS Real Estate Partners’ investment properties group has brokered the sale of the Avery Center, a fully occupied shopping center in Mission Viejo. To maximize value for the seller, the brokerage firm used a break-up strategy, selling the asset in two parts.

The firm sold a 16,568-square-foot sold portion of the center, which has just closed for $12.95 million. It also sold an adjacent 16,000-square-foot portion, which closed at a cap rate of 3.71%

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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