VOIT HELPS NATIONAL AUTO PARTS RETAILER EXPAND ITS ORANGE COUNTY PRESENCE WITH NEW 6,000 SQUARE-FOOT RETAIL LEASE
Keith Kropfl of Voit’s Irvine office secures new lease for O’Reilly Automotive, Inc. after fast food chain deal falls through in San Juan Capistrano.
SAN JUAN CAPISTRANO, CA – March 27, 2012 – (RealEstateRama) — Voit Real Estate Services’ Irvine office has successfully directed a new 15-year, 6,000 square-foot retail lease in San Juan Capistrano, Calif. for O’Reilly Automotive, Inc. The building, formerly a Sizzler, was in negotiations with a fast food chain for over two years until design permits caused a deal to fall through, allowing the Voit team to move quickly to secure the space for its client, according to Keith Kropfl, Senior Vice President in Voit’s Irvine office.
Kropfl represented the lessee, O’Reilly Automotive, Inc., an auto parts retailer with over 3,600 locations nationwide. O’Reilly Automotive, Inc. currently has over 290 retail locations throughout California, and plans to use this property for its growing Orange County presence.
“Voit has been tracking the San Juan Capistrano market for several years to find an ideal location to fit O’Reilly Automotive’s needs,” said Kropfl. “The company required a free-standing building with parking, located at a major arterial. We knew that this building and location was a great match for our client, and we diligently tracked the property and worked quickly to complete the lease once it became available.”
The lessor, Theodore H. Stroscher Investments, LLC, was represented by Jim Clarkson of Strategic Retail Advisors.
The property, located at 31863 Del Obispo in San Juan Capistrano, Calif., is situated on one acre of land, between I-5 and downtown San Juan Capistrano.
About Voit Real Estate Services
Voit Real Estate Services is now a 10 office commercial real estate firm that, through its brokerage and asset services professionals working together, provides strategic property solutions tailored to clients’ needs. Combining 40 years of expertise in brokerage, investment advisory, financial analysis, market research, asset management, tenant advisory and property management services, Voit provides clients with forward looking strategies that create value for their assets and portfolios.
Voit is a privately held, debt-free firm that has successfully navigated numerous market cycles since 1971 and currently employs more than 250 people. Voit has owned, developed and managed over 50 million square feet of commercial real estate, participated in $1.4 billion of construction projects and completed over $36 billion in brokerage transaction volume. Further information is available at www.voitco.com.
Contact:
Jenn Quader/ Judith Brower
Brower, Miller & Cole
(949) 955-7940
Jquader (at) browermillercole (dot) com
