Plaza Del Lago (formerly Market on the Lake)


Description:		Specialty Retail Center, Mission Viejo, Orange County, California
Size:		97,700 square feet
Acquisition Price:		$14,740,000
Buyer:		Washington Capital Management
Hold Period:		3.75 years
Disposition Price:		$42,000,000
Action taken:		Repositioned property via aggressive marketing and tenant relation campaign including re-naming the center (formerly Market on the Lake). Completed the lease-up of approximately 30% of the project with high quality tenants, and renewed or extended existing anchor tenants for long terms of rents substantially above those previously paid.
Investor IRR:		89%

31910 Del Obispo, Suite 100 · San Juan Capistrano, CA 92675
phone 949.545.0500 · fax 949.545.0578