The 20,328sq ft multi-tenant retail centre with over 270 feet of prime Pacific Coast Highway frontage has been purchased by a private partnership from Los Angeles.
Tenants at Village Plaza include Harbor Barber, Secret Spot Restaurant, La Bodega Bottle Shop, Super Mex, Stoney’s Pizza, Sunset Vapor, Riip Beer Co. and Tsunami Sushi. According to Lefko, 96 per cent of the occupied square footage has renewed their lease or expanded their space in the last 24 months. Over 60 per cent of the occupied square footage has been operating at Village Plaza for over 10 years, demonstrating their commitment to the center. Both Super Mex and Tsunami Sushi have been tenants for 25 years or more.
The 91 per cent occupied restaurant and lifestyle-themed shopping centre offered the buyer a secure and stable income stream with excellent lease-up potential for the remaining 9% of the shopping center, a prime 1,744-square-foot endcap space.
Hanley Investment Group Executive Vic ePresident, Jeff Lefko commented: “This is a highly desirable location in Huntington Harbour, one of the most affluent and exclusive communities in Orange County.”
