Shopoff sells hard corner of current Sunrise Village Shopping Center in Southern California
Shopoff Realty Investments announced the sale of the hard corner of the current Sunrise Village Shopping Center located in Fullerton, Calif. The sold property includes the Del Taco drive-through ground lease, and a 6,355-square-foot three-tenant pad, with current lessees Papa John’s Pizza, Sunrise Optometry and Coffee Code. The buyer is Dream ERE: Real Estate, a local Orange County investor.
“This is a prime retail asset in Orange County that benefits from the high-traffic intersection of Euclid and Rosecrans, as well as the nearby established housing communities,” said William A. Shopoff, president and CEO at Shopoff Realty Investments. “Further strengthening this retail asset will be Shopoff’s residential development, The Pines at Fullerton, that was approved to be built on the adjacent site, providing additional consumers in walking distance of this corner retail.”
In January 2023, Shopoff received approval for the redevelopment of the aging Sunrise Vill