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IRVINE, CA-Separate buyers have acquired retail properties foran aggregate of more than $40 million in five separate transactionsin Orange County, according to Hanley Grown Group. PrincipalsEdward Hanley and Gregory Brown report that the properties includedOaktree Village Shopping Center in Mission Viejo, three streetfront buildings located in downtown Fullerton that were sold in onetransaction, Beachstone Plaza in Huntington Beach, Tustin FreewayCenter in Tustin and Sycamore Plaza in Lake Forest. Hanley andBrown represented both the buyer and the seller in all but one ofthe deals, the Fullerton properties, where they represented buyerand the seller was represented by CB Richard Ellis PrivateInvestors in Newport Beach.In the Oaktree Village transaction,Cadence Capital Investments LLC bought the 80,223-sf shoppingcenter at 23162-23166 Los Alisos Blvd. from D.P. Investments fornearly $14.4 million. The 4.9-acre center is anchored by MissionRanch Market and 24-Hour Fitness. Built in 1988, the center is 97%occupied and has maintained a very low historical vacancy factor.Current rental rates at the property are below market, which givesan investor excellent upside potential, Hanley and Brown note. TheFullerton properties, which sold for nearly $10.4 million, includetwo retail buildings and an office/retail building totaling 52,339sf at 116-120 Wilshire Blvd. and 211-225 Harbor Blvd. in the heartof "Old Town" Fullerton. The Simay Co. bought the properties fromAdvent Fullerton LLC.The 57,839-sf Beachstone Plaza is a retail andoffice property that sold for $9.6 million to Dr. Jackie UyenNguyen, who bought it from the Beachstone Plaza partnership. Theproperty is on 3.2 acres at 18632-18700 Beach Blvd. and consists ofthree two-story buildings. Tenants include Edinger Medical,Allstate Insurance and H&R Block. Built in 1981, the propertyhas historically been close to 100% occupied, and currently hasonly one vacancy.In Tustin, DNA Properties Inc. of Long Beachbought the 31,670-sf Tustin Freeway Center from Frey Enterprisesfor $4.2 million. The multitenant strip center is situated on 2.6acres and is located off the I-5 Freeway at Newport Avenue. In LakeForest, Ventura Gateway Associates LP and SCCC LP bought the29,770-sf Sycamore Plaza at the Northwest corner of El Toro Roadand Trabuco Road from Tabata Sycamore LLC for an undisclosed price.The property is a dominant shopping center in the trade area andbenefits from a densely populated South Orange County communityfeaturing an average household income in excess of $90,000 peryear.