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LAKE FOREST, CA—Los Angeles-based the Mayfield Trust has sold Foothill Center, a 19,400-square-foot multi-tenant shopping center here, to a China-based buyer for $7.64 million. The center is 95% occupied with tenants including Baja Fresh, Enterprise Rent-A-Car, and Wasabi Sushi. Matthew Mousavi and Patrick Luther of Faris Lee Investments represented the seller, while the buyer represented itself in the transaction. The sale price had an in-place cap rate of 4.81%, a record low for a non-anchored retail strip center sale in south Orange County, industry sources say.

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