A Jack-in-the-Box property in Mission Viejo has traded hands for $1,374 per square foot, the highest price for a Jack-in-the-Box-occupied single-tenant retail property in the last 12 months.

The 2,759-square-foot property traded hands for $3.79 million. The sale had a closing cap rate of 4.5%.

SRS’ national net lease group managing principals Patrick Luther and Matthew Mousavi and SVP Terrison Quinn represented the seller, Pacific Castle. Arthur Flores of CBRE represented the buyer.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Orange County
Net Lease
Retail
Capital Markets
Economy