BUENA PARK, California, – March 19, 2025 – Shopoff Realty Investments (“Shopoff”) a national manager of opportunistic and value-add real estate investments, announced today that, in partnership with a national home builder, it has acquired a 13.75-acre property in Buena Park, California, that it plans to re-entitle for residential use. The property is currently 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 Blvd. 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 currently developed with two industrial buildings totaling approximately 370,031 square feet of space.
The city is supportive of 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 Shopoff Realty Investments President and CEO William Shopoff. “This acquisition allows us to capitalize on a prime Orange County location with significant accessibility and strong demand for new housing options. We’re excited to be moving forward with the entitlement process for the proposed residential community.”
A total of $49 million in acquisition financing for the project was secured with support from JLL Capital Markets. The JLL Capital Markets debt advisory team representing the borrower was led by Senior Director Jamie Kline and Associate Kyle White.
About Shopoff Realty Investments
Shopoff Realty Investments is an Irvine, California-based real estate firm with a 33-year history of value-add and opportunistic investing across the United States. The company primarily focuses on proactively generating appreciation through the repositioning of commercial income-producing properties, the entitlement of land assets, and development projects. The 33-year history includes operating as Asset Recovery Fund, Eastbridge Partners, and Shopoff Realty Investments (formerly known as The Shopoff Group). Performance has varied in this time frame, with certain offerings generating losses. For additional information, please visit www.shopoff.com or call (844) 4-SHOPOFF.
Disclosures
This is not an offering to buy or sell any securities. Such an offer may only be made through the offering memorandum to qualified purchasers. Any investment in Shopoff Realty Investments programs involves substantial risks and is suitable only for investors who have no need for liquidity and who can bear the loss of their entire investment. There is no assurance that any strategy will succeed to meet its investment objectives. The performance of this asset is not indicative of future results of other assets. Securities are offered through Shopoff Securities, Inc. member FINRA/SIPC, 18565 Jamboree Road, Suite 200, Irvine, CA 92612.
