Fullerton Retail Center Sells for $12.7 Million
The fully occupied property features long-term tenants and guaranteed annual rent growth for its new investor owner.
Updated on Oct. 29, 2026 in Commercial
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A private investor recently purchased the Fullerton Court retail center in Fullerton for $12.7 million. The property, located at 444 North Harbor Boulevard, remains fully occupied with established tenants.
Why it matters
This transaction highlights the continued investor demand for retail properties that offer stable cash flow and predictable long-term revenue growth. For local commercial interests, such sales underscore the market's preference for high-density, high-traffic locations.
The property sold for $12.7 million, with nine of the 10 tenants currently locked into annual rent increases of at least 3%. This acquisition covers a 0.61-acre lot boasting a high Walk Score of 97.
The players
FedEx Office
A shipping and printing service provider that has operated at the Fullerton Court retail center for over 25 years.
The details
The buyer used a 1031-exchange to acquire the retail center, a strategy that allows investors to defer capital gains taxes by reinvesting proceeds from a previous property sale into a new one. To maintain the property's 100% occupancy rate, brokers actively leased vacant spaces during the marketing phase leading up to the sale. The site benefits from steady demand, supported by an average household income of $126,000 within a five-mile radius.
Timeline
The retail center was originally constructed in 1982.
A property expansion took place in 2004.
The sale of the property closed on October 28, 2026.
Money Landscape
The use of a 1031-exchange in this deal follows the well-established practice of utilizing tax-deferral strategies to manage capital gains during commercial portfolio turnover. These exchanges remain a key driver for investment in stabilized retail assets that provide predictable growth.
For local businesses and commercial tenants, property sales can shift management priorities or lead to capital improvements at the site. Tenants should review their lease agreements to understand how changes in building ownership might impact rent adjustments and future renewal terms.
The takeaway
Commercial property demand in high-traffic corridors remains strong, particularly for assets with long-term, inflation-protected rent growth. Local business owners and investors should monitor lease escalations and local zoning trends to gauge the long-term viability of retail sites in their neighborhood.
Further reading
Learn more about the latest trends in Commercial real estate developments.
Source note: This article includes information reported by WAOW.
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