The Seal Beach property was one of a host of retail deals toclose recently in Orange County, including the $5.8 million sale ofa LA Z Boy in Mission Viejo to Invest West Alpha, according toMarcus & Millichap, which represented both the buyer and theseller, Adobe Avery Parkway. The seller, which had owned theproperty since 2004, was represented by Scott Hook, with the buyerrepresented by John Burke. The La Z Boy property is anapproximately 16,119-sf single tenant building at 28565 MargueriteParkway.

In San Clemente, the Charles Dunn Co. reported the $3.5 millionpurchase of the 12,500-sf Presidio Plaza at 401 S. El Camino Real.The seller, Sillen Holdings LLC was represented by Jason Afshar ofthe Newport Beach office of the Charles Dunn Co., with the buyer,an individual investor, represented by Tom Arai of Dunn's NewportBeach office. The new owner chose Dunn as the property manager andleasing agent for the 11-tenant center, which is 100% leased.

In Orange, Sperry Van Ness reports that a private investor paid$2.1 million for a triple-net leased, 8,100-sf retail center at1520-1532 W. Chapman Ave. in a transaction brokered by MehranForoughi the Irvine office of the brokerage firm. The buyer wasrepresented by Charles Kim of Sunny International Realty. Theproperty was built in 1972 and renovated in 1993 and is 100% leasedto five tenants. Foroughi says Sperry Van Ness received many offerson the property after just a few days of being listed, thanks toits strong location and strong tenant base, which produced awinning offer $100,000 over the asking price. In Palm Springs, inanother Sperry Van Ness deal, a San Jose investor bought the7,950-sf El Patio Court center at 382 to 398 N. Palm Canyon Drivefrom a San Diego-based private investor for nearly $1.8 million.Char Sharp-Pfeifer and Raven Sharp of Sperry Van Ness in PalmSprings, who represented the seller, say the property attractedmultiple offers in excess of the price offered and was on themarket just four days. The center was built in 1940, is situated inthe Palm Springs central business district and is 90% leased toupscale tenants. The buyer was represented by Ron Robinson ofRobinson Commercial.