REBusinessOnline

NKF Directs $8.8M Sale of Triple-Net Leased Retail Property in Orange, California

1809-W-Chapman-Ave-Orange-CA

Fresenius Medical Care, a dialysis clinic, occupies the 21,000-square-foot property in Orange, Calif.

ORANGE, CALIF. — Newmark Knight Frank (NKF) has arranged the sale of a single-tenant retail property located at 1809 W. Chapman Ave. in Orange. A Southern California-based family trust acquired the property from Orange County, Calif.-based Adray Plaza for $8.8 million in a 1031 exchange.

Fresenius Medical Care, a dialysis clinic, occupies the 21,000-square-foot property on an absolute, triple-net lease basis.

Glenn Rudy and Rob Ippolito of NKF represented the seller, while Matthew Graham of Graham & Associates represented the buyer in the deal.

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