Wood Investments Companies, Inc., a fully-integrated commercial real estate investment company specializing in retail, has acquired a 25,500-square-foot property occupied by The 99 Store in the southern Orange Community of San Clemente through an off-market transaction. The purchase price was $6.95 million.
CEO and President Patrick Wood of Wood Investments Companies expressed his enthusiasm for the South Orange County real estate market both short and long term: “Strategically, we like this market; moreover, The 99 Store has been a good tenant and partner of ours in other centers so this was another opportunity to partner with them again.”
The building is situated on 3.09 acres at 55 Via Pico Plaza within the Pico Plaza shopping center near Interstate 5 Avenida Pico on/off ramp as well as five minutes away from the beachfront area. Fitness 19, Dunn Edwards Paintings Hertz Car Rental Stuft Pizza Del Taco are among some tenants located at Pico Plaza Shopping Center .
