ALISO VIEJO, Calif. – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm arranged the sale of the former Macaroni Grill restaurant building — a vacant 7,914-square-foot retail pad building on 1.34 acres — at Aliso Viejo Town Center in Aliso Viejo, California. Aliso Viejo Town Center is a 380,000-square-foot community center anchored by Ralphs, CVS Pharmacy, Staples, TJ Maxx, HomeGoods, PetSmart, and Regal Cinemas. The sale price was $5.3 million.
Hanley Investment Group Vice President Sean Cox, along with Executive Vice Presidents Bill Asher and Kevin Fryman, represented both the seller, a private investor from Southwest Florida, and the buyer, ValueRock Realty Partners (“ValueRock”), one of the nation’s leading real estate investment and operating companies based in Irvine, California.
“We generated multiple qualified offers from Southern California developers and users, ultimately securing an experienced buyer,” said Cox.
Asher added, “By leveraging our extensive network of active and experienced retail developers, we implemented a targeted marketing strategy that helped procure a highly qualified buyer while maximizing value for the seller.”
The freestanding, single-tenant retail pad building, constructed in 1997, sits prominently at 26641 Aliso Creek Road, positioned at the signalized intersection of Aliso Creek Road and Enterprise, which sees approximately 48,000 cars per day.
According to ValueRock, the company is excited for this opportunity to increase its portfolio of commercial properties in Aliso Viejo. ValueRock has a strategic vision for this property and other properties in the corridor, including ValueRock’s near completion of the remodel and re-tenanting of the former Lowe’s building, which will include Tesla and 99 Ranch Market.
With a 97% occupancy rate, Aliso Viejo Town Center is home to national and regional tenants, including Advance Auto Parts, Barnes & Noble, Dollar Tree, Hoag Health Center, O’Reilly Auto Parts, Chick-fil-A, Raising Cane’s Chicken Fingers, Café Rio, Chase Bank, Chili’s Grill & Bar, Del Taco, Nekter Juice Bar, Opah, Panda Express, Sgt. Pepperoni’s Pizza, Subway, The Habit Burger, Urban Plates, and Wahoo’s Fish Taco.
Aliso Viejo Town Center ranks in the top 2% nationwide for foot traffic, according to Placer.ai. Among its anchor tenants, CVS Pharmacy ranks #104 out of 7,096 nationally (98th percentile), Ralphs ranks #3 out of 46 within a 30-mile radius (95th percentile), TJ Maxx ranks #67 out of 1,123 nationwide (94th percentile), and Regal Cinemas ranks #47 out of 364 nationwide (87th percentile).
Nearby retail centers draw additional visitors with major anchors like Costco, Hobby Lobby, The Home Depot, Marshalls, Kohl’s, Old Navy, Pavilions, Petco, Sprouts, Stater Bros, Target, Walmart, and Whole Foods. Additionally, a 343-unit housing development is planned across the street from Aliso Viejo Town Center, in a shopping center anchored by Trader Joe’s and 99 Ranch Market. The area also includes a Tesla dealership and a Walgreens-anchored center.
Aliso Viejo Town Center is ideally located off CA-73 (100,000 cars per day), connecting South Coast Metro/Newport Beach to South Orange County, and is positioned at Aliso Viejo’s primary thoroughfares of Aliso Creek Road and Pacific Park Drive (60,000 cars per day).
Aliso Viejo is a master-planned, affluent community with an average household income of $155,000 and a population of 279,000 within a five-mile radius of the shopping center. Surrounding affluent cities, including Dana Point ($165,000 AHHI), Laguna Beach ($212,000 AHHI), Laguna Hills ($110,000 AHHI), and Laguna Niguel ($181,000 AHHI), further contribute to the area’s high purchasing power.
In late September 2024, Hanley Investment Group also facilitated the sale of a two-story, 24,986-square-foot retail and medical building within the Aliso Viejo Town Center, which sold for $9.4 million.
About ValueRock Realty Partners
ValueRock is one of the nation’s leading real estate investment and operating companies. We seek to bring a strong, innovative entrepreneurial mindset to generate a positive impact and long-term value for our investors, assets, and communities. In operation for over 30 years, ValueRock brings a track record of over $30 billion in transactions in investment management, asset management, financing, development, leasing, and operations.
For more information, visit: www.valuerockrealty.com.
About Hanley Investment Group
Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services company with over an $11 billion transaction track record that specializes in the sale of retail properties nationwide. Our expertise, proven track record, and unwavering dedication to putting clients’ needs first set us apart in the industry. Hanley Investment Group creates value by delivering exceptional results through the use of property-specific marketing strategies, cutting-edge technology, and local market knowledge. Our nationwide relationships with investors, developers, institutions, franchisees, brokers, and 1031 exchange buyers are unparalleled in the industry, translating into maximum exposure and pricing for each property. With unmatched service, Hanley Investment Group has redefined the experience of selling retail investment properties.
For more information, visit www.hanleyinvestment.com.
Media Contact
Company Name: Hanley Investment Group Real Estate Advisors
Contact Person: Sean Cox, Vice President
Email: Send Email
Phone: 949.244.9335
Address:3500 East Coast Highway, Suite 100
City: Corona del Mar
State: California
Country: United States
Website: https://hanleyinvestmentgroup.com/
Press Release Distributed by ABNewswire.com
To view the original version on ABNewswire visit: Hanley Investment Group Brokers Sale of 7,914 SF Retail Building at Aliso Viejo Town Center in South Orange County, Calif., to ValueRock Realty Partners