Shopping center

Shopoff Realty Investments Sells Remaining Parcel of Los Alisos Village Shopping Center in Mission Viejo, CA

IRVINE, Calif., April 21, 2022 /PRNewswire/ — Shopoff Realty Investments (“Shopoff”), a national manager of opportunistic, value-added real estate investments, today announced that the company has sold the remaining 0.67 acre parcel of the Los Alisos Mall. Village, for $3.5 million to a private investor. The parcel includes a 4,978 square foot building currently leased to Village Montessori School. Shopoff previously sold 27,000 square feet of the center to December 2020 for $14.5 million.

Shopoff purchased the entire center of Los Alisos Village in 2015 and completed a full renovation of the property, including new facade, roofs, parking lot resurfacing and restoration, landscaping, traffic signage. tenants and a new monument sign.

“The sale of the latest Los Alisos piece is a wonderful conclusion to this fantastic investment,” explained the President and CEO of Shopoff Realty Investments. Guillaume Shopoff. “We are thrilled to have enhanced this neighborhood shopping center to better serve area residents and look forward to future business in the Town of Mission Viejo.”

Located in the Orange County Community of Mission Viejothe city is consistently recognized as one of the safest in California, and is a planned, business-friendly community with exceptional schools and a talented workforce. The center is located at a prime intersection in a dense residential area and approximately one mile east of an approximately 500,000 square foot cluster of industrial space and business parks.

About Shopoff Realty Investments
Shopoff Realty Investments is a Irvine, Californiareal estate company with a 30-year history of value-added and opportunistic investing across United States. The company is primarily focused on proactively generating appreciation through the repositioning of income-generating commercial properties and land asset law. The 30-year history includes operating as Asset Recovery Fund, Eastbridge Partners and Shopoff Realty Investments (formerly known as The Shopoff Group). Performance has varied over this period, with some offers generating losses. For more information, please visit www.shopoff.com or call (844) 4-SHOPOFF.

Disclosures
This is not an offer to buy or sell securities. Such an offer may only be made through the offering memorandum to qualified purchasers. Any investment in Shopoff Realty Investments programs involve substantial risk and are only suitable for investors who do not require cash and who can afford the loss of their entire investment. There can be no assurance that any strategy will be successful in achieving its investment objectives. The performance of this asset is not indicative of the future results of other assets. Securities offered by Shopoff Member of Securities, Inc. FINRA/SIPC18565 Jamboree Road, Suite 200, Irvine, California 92612, (844) 4-SHOPOFF.

Contact: Jill Swartz
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SOURCE Shopoff Real Estate Investments