Ground Lease for South OC Retail Center Trades in $14 Mil Buy

The ground lease for Lake Forest Marketplace, a 111.2k sf, multi-tenant retail property in Lake Forest, has sold in a $14.2 mil transaction. The asset, located at 23771 to 23841 El Toro Rd, was purchased by an OC-based private investor.

John Redfield with SRS Real Estate Partners’ Investment Properties Group represented the seller, La Caze Development, a SoCal-based developer. The buyer was repped by Jon Davis from SVN.

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