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ORANGE COUNTY, CA-Crown Valley LLC has purchased the Crown Valley Retail Center at 27600-27680 Marguerite Parkway in Mission Viejo from Pacific Castle Newport LLC for $10.3 million.

Details of the purchase were unavailable except that the purchaser has assumed the existing loan on the 42,328-sf retail center, according to Faris Lee Investments in Irvine, which represented both parties in the transaction.

Built in 1990 by the Mission Viejo Co., the property has been 100% occupied for a long time by such anchor tenants as Sav-On Drugs, the Warehouse and Diedrich’s Coffee.

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