Faris Lee Investments recently finalized the sale of Parcels 2 & 3 at Plaza Empresa in Rancho Santa Margarita for a total of $19 million, equating to $485 per square foot. The seller was represented by senior managing director Scott DeYoung, managing principals Jeff Conover and Shaun Riley, and director Greg Lukosky as part of their broader strategy to break up the Plaza Empresa Commercial Center.
The buyers were a Southern California-based 1031 exchange buyer who enlisted Nathan Holthouser and Rebecca Canalez from Coastal Commercial as their representatives. The property boasts prominent tenants such as the United States Post Office and Laguna Beach Brewery.
This transaction follows Faris Lee’s previous sale of Parcel 1 for $5.2 million to another 1031 exchange buyer. According to Faris Lee, Plaza Empresa is situated in an affluent master-planned community with limited competition, ensuring strong demand from tenants and steady rental growth opportunities.
