July 31, 2017
Ortega Oaks Plaza, a three-building retail center totaling roughly 15,823 square feet in Lake Elsinore, CA, traded hands for $2.1 million. The nearly six-acre property represents an ideal value-add or development opportunity for the buyer, Kazak Gorou.
The property is located at 15883 to 15891 Grand Ave., just off Ortega Highway, at the foot of the mountains across from Lake Elsinore. The site includes nearly 3.5 acres of unimproved land fronting the highway.
Coldwell Banker Commercial SC’s Carey Pastor represented the seller, Elsinore Naval and Military School. Americapital Commercial, Inc. advised the buyer, which was vested in the property as a tenant prior to the sale.
For comments, questions or concerns, please contact Dennis Kaiser