28721 Los Alisos Blvd Mission Viejo, CA 92692

Building Details

Year Built

1996

Listing office CBRE - Orange County j***@cbre.com

Listing date May 27, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Orange County

Report an issue

---

Investment Insights

Based on property information with market context.

The property is a neighborhood strip center encompassing approximately 19,135 square feet. It features a mix of food, beverage, fitness, and service tenants. Currently, the property is 68% occupied, with 6,069 square feet available for lease, presenting an opportunity to increase net operating income. In 2025, 46% of the gross leasable area was leased to new tenants, including Playhub (6,500 SF) and U.M. Salon (2,275 SF). The property has approximately 725 feet of frontage along Los Alisos Boulevard, which experiences an average daily traffic count of approximately 9,500 vehicles. It also offers convenient access to State Route 241, a primary toll road with an average daily traffic count of approximately 43,000 vehicles. The trade area is topographically restricted and densely populated, creating barriers to entry. The location benefits from Orange County's economy, master-planned communities, and quality of life. Mission Viejo is characterized by a well-educated, high-income population and a family-oriented residential environment.

Key Highlights

• Value‑add opportunity with 6,069 SF available for lease‑up at 68% current occupancy to increase NOI.
• Strong tenant demand demonstrated by 46% of GLA leased to new tenants in 2025 (Playhub and U.M. Salon).
• Excellent visibility with ±725 feet of frontage on Los Alisos Blvd (±9,500 CPD) and convenient access to State Route 241 (±43,000 CPD).

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $1,842,357

  5,050 SF

  Single Story Office Building

  5,050 SF office building with concrete tilt-up construction.

  26047 Acero, Mission Viejo, CA, 92691

  View Details
• 

  $749,000

  32,701 SF

  High Identity Office Building

  Office building with expandable parking and planned renovations for sale.

  24800 Chrisanta Dr., Mission Viejo, CA 92691

  View Details
• 

  $3,400,000

  2,000 SF

  Retail Space Available For Sale

  Retail space for sale in Mission Viejo, CA.

  23156 Los Alisos Blvd, Mission Viejo, CA 92691

  View Details
• 

  $4,400,000

  5,100 SF

  Retail Property in Mission Viejo

  Retail property with 5,100 square feet available for sale.

  27672 Crown Valley Pkwy, Mission Viejo, CA 92691

  View Details
• 

  $29,820,000

  46,244 SF

  Retail Property in Mission Viejo

  Retail property available for sale in Mission Viejo, California.

  28321 Marguerite Pkwy, Mission Viejo, CA 92691

  View Details
• 

  $1,085,000

  1,889 SF

  Multi-Family Residential Income Property

  For-sale residential income property with a defined lot size and building area in Rancho Mission Viejo, California.

  112 Homestead, Rancho Mission Viejo, CA 92694

  View Details
• 

  $25,266,900

  Automotive Showroom and Retail Property

  For sale along Marguerite Pkwy, offering a purpose-built setting for automotive-related showroom or retail operations.

  28471 MARGUERITE PKWY, MISSION VIEJO, CA

  View Details
• 

  $18,500,000

  Freestanding Retail Building with Docks

  Freestanding retail building with double loading docks and unobstructed Interstate 5 visibility for strong passing traffic exposure.

  25362 El Paseo, Mission Viejo, CA 92691

  View Details

Similar Off Market Nearby

• Alicia-Trabuco Plaza — 26811 Trabuco Rd, Mission Viejo, CA 92691
• Mail Center — 26861 Trabuco Rd, Mission Viejo, CA 92691
• Oaktree village — 23162-23166 Los Alisos Blvd, Mission Viejo, CA 92691
• Coinstar Bitcoin ATM — stater bros., 22351 el toro rd, lake forest, ca 92630
• Sycamore Plaza — Trabuco Rd, Lake Forest, CA 92630

FAQs

What type of property is this?

Shopping center - Neighborhood strip center with value-add opportunity in Mission Viejo.

Where is this shopping center located?

The property is located at 28721 Los Alisos Blvd Mission Viejo, CA.

What is the asking price?

The asking price for this property is $5,235,000.

What are key features of this property?

This property features: Value‑add opportunity with **6,069 SF available for lease‑up** at 68% current occupancy to increase NOI.; Strong tenant demand demonstrated by 46% of GLA leased to new tenants in 2025 (Playhub and U.M. Salon).; **Excellent visibility with ±725 feet of frontage** on Los Alisos Blvd (±9,500 CPD) and convenient access to State Route 241 (±43,000 CPD).