C
ommercial property sales in Orange County are being driven by "small dollar deals" according to a recent report from NAI Capital. Investor demand that was strong earlier this year has slowed down.
A notable example of these smaller transactions is the sale of a six-unit property in San Clemente for $2.22 million, or approximately $370,000 per unit. This shift may be welcome news for multifamily investors in Orange County and California, as it follows the defeat of Proposition 33, which could have had significant implications for the industry.
