Small O.C. property sells for big price

Occupancy high at office/retail project

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Needleman Investments recently purchased a mixed-use office and retail center in San Juan Capistrano, Calif., for approximately $10.2 million. Irvine-based Citivest sold the 25,561-square-foot property, which is located at 27184 Ortega Highway. Built in 1991, the two-story complex, Capistrano Collection, is situated on a 1.1-acre parcel. At the time of sale, the asset was 87 percent by tenants that included Ortega Market & Deli, Charis Portraiture's, and skin care, sports medicine, dental, cleaning and storage tenants. ...