The Seal Beach property was one of a host of retail deals to close recently in Orange County, including the $5.8 million sale of a LA Z Boy in Mission Viejo to Invest West Alpha, according to Marcus & Millichap, which represented both the buyer and the seller, Adobe Avery Parkway. The seller, which had owned the property since 2004, was represented by Scott Hook, with the buyer represented by John Burke. The La Z Boy property is an approximately 16,119-sf single tenant building at 28565 Marguerite Parkway.

In San Clemente, the Charles Dunn Co. reported the $3.5 million purchase of the 12,500-sf Presidio Plaza at 401 S. El Camino Real. The seller, Sillen Holdings LLC was represented by Jason Afshar of the Newport Beach office of the Charles Dunn Co., with the buyer, an individual investor, represented by Tom Arai of Dunn's Newport Beach office. The new owner chose Dunn as the property manager and leasing agent for the 11-tenant center, which is 100% leased.

In Orange, Sperry Van Ness reports that a private investor paid $2.1 million for a triple-net leased, 8,100-sf retail center at 1520-1532 W. Chapman Ave. in a transaction brokered by Mehran Foroughi the Irvine office of the brokerage firm. The buyer was represented by Charles Kim of Sunny International Realty. The property was built in 1972 and renovated in 1993 and is 100% leased to five tenants. Foroughi says Sperry Van Ness received many offers on the property after just a few days of being listed, thanks to its strong location and strong tenant base, which produced a winning offer $100,000 over the asking price. In Palm Springs, in another Sperry Van Ness deal, a San Jose investor bought the 7,950-sf El Patio Court center at 382 to 398 N. Palm Canyon Drive from a San Diego-based private investor for nearly $1.8 million. Char Sharp-Pfeifer and Raven Sharp of Sperry Van Ness in Palm Springs, who represented the seller, say the property attracted multiple offers in excess of the price offered and was on the market just four days. The center was built in 1940, is situated in the Palm Springs central business district and is 90% leased to upscale tenants. The buyer was represented by Ron Robinson of Robinson Commercial.