Shopoff Realty Investments, in partnership with a national home builder, has acquired a 13.75-acre property in Buena Park, Calif., that it plans to re-entitle for residential use. The property is occupied by Amway Corporation with a corporate sale-leaseback in place.
The project is located in Orange County, with direct access to the major thoroughfare Beach Boulevard. It’s adjacent to the Metrolink line and less than a mile from both the Interstate 5 and State Route 91 freeways. The property is developed with two industrial buildings totaling approximately 370,031 square feet of space.
The city supports Shopoff’s plans to re-entitle the site for residential use, which is anticipated to streamline the approval process.
“Buena Park offers a tremendous opportunity for strategic redevelopment,” said William Shopoff, Shopoff Realty Investments president and CEO. “This acquisition allows us to capitalize on a prime Orange County location with significant acc
