Marcus & Millichap

Ron Duong

Overview

Ron Duong is a highly-regarded top agent in the retail investment real estate industry. Over the years, Ron’s reputation for his extensive market knowledge, comprehensive pricing analysis, and strategic execution in the marketing of retail real estate investments has made him a valuable resource to some of the top names in the retail space for commercial real estate.  These factors have resulted in record prices for his clients as well as closings on some of the most challenging deals in the marketplace ranging from environmental contamination to substantial deferred maintenance. 
 
Ron ranks amongst the top Marcus & Millichap retail agents nationwide, having personally listed/closed over $1 Billion in retail investments since 2004.  Ron has been a Top 10 Agent in Marcus & Millichap’s Newport Beach office since 2008, and has been the #1 Retail Agent on most occasions.
 
As one of the most active and knowledgeable retail agents in the field, Ron is frequently interviewed and quoted by the leading publications including Globest.com, CoStar.com, and Real Estate Weekly. Ron’s track record of closings represents some of the highest prices and most aggressive cap rates in the marketplace. Most importantly, Ron prides himself on servicing his clients and working with them to achieve their short and long-term goals.


Newport Beach
Ron Duong

Ron Duong

Senior Vice President Investments
Tel: (949) 419-3233
Fax: (949) 419-2282

License:  CA  01438643

International Council of Shopping Centers

Senior Director - National Retail Group
Director - Net Leased Properties Group

Promoted to Associate in May, 2006
Promoted to Associate Vice President Investments in January, 2013
Promoted to Vice President Investments in July, 2013
Promoted to First Vice President Investments in January, 2017
Promoted to Senior Vice President Investments in October, 2017

  • Chairman's Club Award 2016, 2017
  • Top 10 Newport Beach Agent 2010, 2011, 2012, 2013, 2014, 2015, 2016
  • Top 20 Multi-Tenant Agent Nationwide 2010, 2012, 2015, 2016
  • Top 5 Newport Beach Agent 2011, 2012, 2014, 2015, 2016
  • #1 Retail Agent Newport Beach Office 2011, 2012, 2015, 2016

California State University Fullerton, BA Business Administration and Finance, 2000


Transactions Closed

  • 2851 West 120th Street

    2851 West 120th Street

    Shopping Neighborhood

    Hawthorne, CA
    Price: $25,000,000
    Size: 60,592 sqft

  • Little Saigon Shopping Center

    Little Saigon Shopping Center

    Shopping Neighborhood

    Westminster, CA
    Price: $18,000,000
    Size: 85,133 sqft

  • Hacienda Plaza

    Hacienda Plaza

    Shopping Neighborhood

    Santa Ana, CA
    Price: $16,700,000
    Size: 77,610 sqft

  • Strawberry Square Shopping Center

    Strawberry Square Shopping Center

    Shopping Strip

    Gardena, CA
    Price: $14,050,000
    Size: 36,902 sqft

  • 10120 Garden Grove Boulevard

    10120 Garden Grove Boulevard

    Shopping Neighborhood

    Garden Grove, CA
    Price: $11,900,000
    Size: 35,515 sqft

  • 965 S Beach Blvd

    965 S Beach Blvd

    Office (Lease Transaction)

    Anaheim, CA
    Price: $657
    Size: 7,512 sqft

  • 28995 Newport Road

    28995 Newport Road

    Net Leased Drug Store

    Menifee, CA
    Price: $9,000,000
    Size: 17,185 sqft

  • Tustin Plaza

    Tustin Plaza

    Shopping Strip

    Orange, CA
    Price: $8,271,300
    Size: 30,400 sqft

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Avon, CO
    Price: $8,211,840
    Size: 15,655 sqft

  • CVS

    CVS

    Net Leased Drug Store

    West Covina, CA
    Price: $7,900,000
    Size: 16,197 sqft

  • State College Shopping Strip

    State College Shopping Strip

    Shopping Strip

    Anaheim, CA
    Price: $7,100,000
    Size: 16,392 sqft

  • 2618 West La Palma Avenue

    2618 West La Palma Avenue

    Shopping Strip (Lease Transaction)

    Anaheim, CA
    Price: $1,619
    Size: 11,220 sqft

  • 1708 West Chapman Avenue

    1708 West Chapman Avenue

    Shopping Strip

    Orange, CA
    Price: $6,400,000
    Size: 15,557 sqft

  • Cypress Square

    Cypress Square

    Shopping Community

    Cypress, CA
    Price: $6,395,000
    Size: 21,846 sqft

  • Yukon Square

    Yukon Square

    Shopping Neighborhood

    Torrance, CA
    Price: $6,320,000
    Size: 21,985 sqft
    Size: 17 units

  • University Heights Shopping Center at UC Riverside

    University Heights Shopping Center at UC Riverside

    Shopping Strip

    Riverside, CA
    Price: $6,265,000
    Size: 35,660 sqft

  • Vons at Mission Plaza

    Vons at Mission Plaza

    Net Leased Grocery Store

    Ventura, CA
    Price: $6,100,000
    Size: 36,800 sqft

  • Shops at Magnolia & La Palma

    Shops at Magnolia & La Palma

    Shopping Strip

    Anaheim , CA
    Price: $6,000,000
    Size: 7,617 sqft

  • Centrepointe Apartments

    Centrepointe Apartments

    Multifamily

    Whittier, CA
    Price: $5,850,000
    Size: 26,116 sqft
    Size: 34 units

  • Hacienda Village

    Hacienda Village

    Shopping Strip

    Hacienda Heights, CA
    Price: $5,750,000
    Size: 23,645 sqft

  • CVS

    CVS

    Net Leased Drug Store

    Rocklin, CA
    Price: $5,700,000
    Size: 22,695 sqft

  • Magnolia & La Palma Shopping Center

    Magnolia & La Palma Shopping Center

    Shopping Neighborhood

    Anaheim, CA
    Price: $5,525,000
    Size: 31,682 sqft

  • Washington Auto Center

    Washington Auto Center

    Shopping Auto Center

    Colton, CA
    Price: $5,425,000
    Size: 17,475 sqft

  • 320 North Coast Highway

    320 North Coast Highway

    Single-Tenant Vacant/User

    Laguna Beach, CA
    Price: $5,000,000
    Size: 2,000 sqft

  • 1708 West Chapman Avenue

    1708 West Chapman Avenue

    Shopping Strip

    Orange, CA
    Price: $4,780,550
    Size: 15,557 sqft

  • Lincoln Avenue Shopping Center

    Lincoln Avenue Shopping Center

    Shopping Strip

    Anaheim, CA
    Price: $4,680,000
    Size: 19,902 sqft

  • Starbucks Team Plaza

    Starbucks Team Plaza

    Shopping Strip

    Huntington Beach, CA
    Price: $4,650,000
    Size: 5,175 sqft

  • Beach & Ball Shopping Strip

    Beach & Ball Shopping Strip

    Shopping Strip

    Anaheim, CA
    Price: $4,300,000
    Size: 7,359 sqft

  • E Street Shopping Center

    E Street Shopping Center

    Shopping Neighborhood

    San Bernardino, CA
    Price: $4,265,000
    Size: 44,182 sqft

  • 5895 Katella Avenue

    5895 Katella Avenue

    Retail Vacant/User

    Cypress, CA
    Price: $4,250,000
    Size: 23,500 sqft

  • 11501-11521 Stuart Drive

    11501-11521 Stuart Drive

    Multifamily

    Garden Grove, CA
    Price: $4,100,000
    Size: 13,165 sqft
    Size: 20 units

  • CVS/ pharmacy

    CVS/ pharmacy

    Net Leased Drug Store

    Buena Park, CA
    Price: $4,080,000
    Size: 10,800 sqft

  • CVS

    CVS

    Net Leased Drug Store

    Saint Michael, MN
    Price: $3,950,000
    Size: 13,431 sqft

  • Raising Cane's

    Raising Cane's

    Net Leased Restaurant

    Blue Springs, MO
    Price: $3,838,000
    Size: 3,500 sqft

  • Los Alamitos Shopping Strip

    Los Alamitos Shopping Strip

    Shopping Strip

    Los Alamitos, CA
    Price: $3,770,000
    Size: 7,399 sqft

  • Gridley Plaza

    Gridley Plaza

    Retail Vacant/User

    Artesia, CA
    Price: $3,750,000
    Size: 30,678 sqft

  • Starbucks And Fresh & Easy Express

    Starbucks And Fresh & Easy Express

    Shopping Strip

    Garden Grove, CA
    Price: $3,700,000
    Size: 6,275 sqft

  • Lincoln Brookhurst Shopping Center

    Lincoln Brookhurst Shopping Center

    (Lease Transaction)

    Anaheim, CA
    Price: $400
    Size: 10,300 sqft

  • Corporate BJ's Restaurant Ground Lease

    Corporate BJ's Restaurant Ground Lease

    Net Leased Restaurant

    Slidell, LA
    Price: $3,700,000
    Size: 7,200 sqft

  • Raising Cane's

    Raising Cane's

    Net Leased Restaurant

    Burleson, TX
    Size: 3,567 sqft

  • Corporate Black Bear Diner Freeway Location

    Corporate Black Bear Diner Freeway Location

    Net Leased Restaurant

    Chino, CA
    Price: $3,600,000
    Size: 5,768 sqft

  • The Veo Collection 1

    The Veo Collection 1

    Shopping Neighborhood

    Carson, CA
    Price: $3,572,000
    Size: 6,363 sqft

  • Sandlewood Apartments

    Sandlewood Apartments

    Multifamily

    Downey, CA
    Price: $3,520,000
    Size: 14,432 sqft
    Size: 18 units

  • Harbor Boulevard Shopping Strip

    Harbor Boulevard Shopping Strip

    Shopping Strip

    Garden Grove, CA
    Price: $3,353,750
    Size: 12,238 sqft

  • Bojangles

    Bojangles

    Net Leased Restaurant

    Lumberton, NC
    Price: $3,200,000
    Size: 3,787 sqft

  • Victoria Village Shopping Center

    Victoria Village Shopping Center

    Shopping Strip

    Whittier, CA
    Price: $3,200,000
    Size: 20,224 sqft

  • Diamond Terrace

    Diamond Terrace

    Urban-High Street Retail

    San Diego, CA
    Price: $3,195,000
    Size: 6,274 sqft

  • 921-927 South Trident Street

    921-927 South Trident Street

    Multifamily

    Anaheim, CA
    Price: $3,172,500
    Size: 13,100 sqft
    Size: 14 units

  • The Coffee Bean & Tea Leaf

    The Coffee Bean & Tea Leaf

    Net Leased Restaurant

    La Palma, CA
    Price: $3,077,600
    Size: 1,900 sqft

  • Buena Park Shopping Strip

    Buena Park Shopping Strip

    Shopping Strip

    Buena Park, CA
    Price: $2,970,000
    Size: 5,000 sqft

  • Chapman Haster Ground Leases

    Chapman Haster Ground Leases

    Shopping Strip

    Orange, CA
    Price: $2,950,000
    Size: 14,740 sqft

  • Little Saigon Premier Intersection

    Little Saigon Premier Intersection

    Land - Retail

    Garden Grove, CA
    Price: $2,930,000
    Size: 20,777 sqft

  • 4058 - 4070 Tweedy Boulevard

    4058 - 4070 Tweedy Boulevard

    Shopping Strip

    South Gate, CA
    Price: $2,904,000
    Size: 9,451 sqft

  • Popeyes (New 20-Year Ground Lease)

    Popeyes (New 20-Year Ground Lease)

    Net Leased Restaurant

    Anaheim, CA
    Price: $2,800,000
    Size: 2,500 sqft

  • 965 South Beach Boulevard

    965 South Beach Boulevard

    Shopping Strip

    Anaheim, CA
    Price: $2,688,800
    Size: 7,359 sqft

  • Starbucks - Drive-Thru (New 20-Year Ground Lease)

    Starbucks - Drive-Thru (New 20-Year Ground Lease)

    Net Leased Restaurant

    Garden Grove, CA
    Price: $2,650,000
    Size: 850 sqft

  • Corporate Jack in the Box

    Corporate Jack in the Box

    Net Leased Restaurant

    Pearland, TX
    Size: 5,083 sqft

  • Whataburger

    Whataburger

    Net Leased Restaurant

    ARLINGTON, TX
    Size: 2,581 sqft

  • Bob Evans

    Bob Evans

    Net Leased Restaurant

    Cuyahoga Falls, OH
    Price: $2,600,000
    Size: 5,664 sqft

  • Patricia Apartments

    Patricia Apartments

    Multifamily

    Santa Ana, CA
    Price: $2,550,000
    Size: 11,234 sqft
    Size: 14 units

  • Carl's Jr. / Green Burrito

    Carl's Jr. / Green Burrito

    Net Leased Restaurant

    Santa Ana, CA
    Price: $2,510,000
    Size: 4,006 sqft

  • 3700 W. 4700 S

    3700 W. 4700 S

    Net Leased Restaurant

    Taylorsville, UT
    Price: $2,500,000
    Size: 2,500 sqft

  • 1830 Dell Range Road

    1830 Dell Range Road

    Net Leased Restaurant

    Cheynne, WY
    Price: $2,400,000
    Size: 3,061 sqft

  • Denny's - Fee Simple Ground Lease

    Denny's - Fee Simple Ground Lease

    Net Leased Restaurant

    Fullerton, CA
    Price: $2,400,000
    Size: 4,605 sqft

  • Valley View Plaza

    Valley View Plaza

    Shopping Strip

    Cypress, CA
    Price: $2,375,000
    Size: 12,000 sqft

  • Wendy's

    Wendy's

    Net Leased Restaurant

    Grand Rapids, MI
    Price: $2,350,000
    Size: 3,835 sqft

  • Buca di Beppo

    Buca di Beppo

    Net Leased Restaurant

    Garden Grove, CA
    Price: $2,320,000
    Size: 8,000 sqft

  • 414 East First Street

    414 East First Street

    Shopping Strip

    Tustin, CA
    Price: $2,300,000
    Size: 7,565 sqft

  • Burger King

    Burger King

    Net Leased Restaurant

    Vidor, TX
    Size: 2,893 sqft

  • Metro PCS Shopping Strip

    Metro PCS Shopping Strip

    Shopping Strip

    Huntington Beach, CA
    Price: $2,275,000
    Size: 3,581 sqft

  • Jack in the Box | Las Vegas

    Jack in the Box | Las Vegas

    Net Leased Restaurant

    Las Vegas, NV
    Price: $2,225,000

  • Taco Bell - New 20-Yr Lease | 110 Unit Franchisee

    Taco Bell - New 20-Yr Lease | 110 Unit Franchisee

    Net Leased Restaurant

    Richmond, VA
    Price: $2,175,238
    Size: 2,073 sqft

  • Panera Bread

    Panera Bread

    Net Leased Restaurant

    Menifee, CA
    Price: $2,175,000
    Size: 4,000 sqft

  • 78405 Varner Road

    78405 Varner Road

    Net Leased Restaurant

    Palm Desert, CA
    Price: $2,150,000
    Size: 3,588 sqft

  • 17th Street Retail Center

    17th Street Retail Center

    Shopping Strip

    Santa Ana, CA
    Price: $2,131,500
    Size: 12,726 sqft

  • Jack in the Box

    Jack in the Box

    Net Leased Restaurant

    Moreno Valley, CA
    Price: $2,130,000
    Size: 2,800 sqft

  • Murg Plaza

    Murg Plaza

    Shopping Strip

    Anaheim, CA
    Price: $2,125,000
    Size: 8,509 sqft

  • Shops at Fullerton College

    Shops at Fullerton College

    Shopping Strip

    Fullerton, CA
    Price: $2,085,000
    Size: 4,242 sqft

  • West Marine

    West Marine

    Net Leased Miscellaneous

    Dana Point, CA
    Price: $1,950,000
    Size: 3,690 sqft

  • Corporate Circle K at Cal State Fullerton

    Corporate Circle K at Cal State Fullerton

    Net Leased Grocery Store

    Fullerton, CA
    Price: $1,950,000
    Size: 2,600 sqft

  • Leff Center

    Leff Center

    Shopping Strip

    Whittier, CA
    Price: $1,940,000
    Size: 8,300 sqft

  • Pier 1 Imports

    Pier 1 Imports

    Net Leased Department Store

    Montclair, CA
    Price: $1,925,000
    Size: 11,340 sqft

  • Burger King

    Burger King

    Net Leased Restaurant

    Denver, CO
    Price: $1,895,000
    Size: 2,037 sqft

  • Chase Bank

    Chase Bank

    Net Leased Bank

    Fontana, CA
    Price: $1,890,000
    Size: 3,970 sqft

  • Checkers Drive-In (20-Year NNN) Nashville TN MSA

    Checkers Drive-In (20-Year NNN) Nashville TN MSA

    Net Leased No Tenant Specified

    Nashville MSA, TN
    Price: $1,884,500
    Size: 1,000 sqft

  • Hardee's

    Hardee's

    Net Leased Restaurant

    Knoxville, TN
    Price: $1,850,000
    Size: 3,612 sqft

  • 2618 West La Palma Avenue

    2618 West La Palma Avenue

    Shopping Strip

    Anaheim, CA
    Price: $1,850,000
    Size: 11,220 sqft

  • Ortho Mattress

    Ortho Mattress

    Net Leased Miscellaneous

    Whittier, CA
    Price: $1,800,000
    Size: 11,584 sqft

  • KFC/Taco Bell

    KFC/Taco Bell

    Net Leased Restaurant

    Alton, IL
    Price: $1,792,000
    Size: 3,595 sqft

  • Rite Aid

    Rite Aid

    Net Leased Drug Store

    San Diego, CA
    Price: $1,770,000
    Size: 17,500 sqft

  • Medical / Dental Building

    Medical / Dental Building

    Office Medical

    Covina, CA
    Price: $1,735,000
    Size: 5,375 sqft

  • Wendy’s

    Wendy’s

    Net Leased Restaurant

    Russellville, AL
    Price: $1,720,000
    Size: 4,291 sqft

  • Whataburger

    Whataburger

    Net Leased Restaurant

    Flowood, MS
    Price: $1,675,000
    Size: 3,583 sqft

  • Huntington Beach Office/Medical Opportunity

    Huntington Beach Office/Medical Opportunity

    Office Vacant/User

    Huntington Beach, CA
    Price: $1,650,000

  • Wendy's

    Wendy's

    Net Leased Restaurant

    Jacksonville, FL
    Price: $1,650,000
    Size: 2,114 sqft

  • Huntington Beach Development Opportunity

    Huntington Beach Development Opportunity

    Land - Retail

    Huntington Beach, CA
    Price: $1,645,000
    Size: 25,231 sqft

  • Harbor Pacific Plaza

    Harbor Pacific Plaza

    Shopping Strip

    Orange, CA
    Price: $1,630,000
    Size: 5,978 sqft

  • 12154 Artesia Boulevard

    12154 Artesia Boulevard

    Shopping Auto Center

    Artesia, CA
    Price: $1,560,000
    Size: 2,072 sqft

  • Wendy's (Atlanta MSA)

    Wendy's (Atlanta MSA)

    Net Leased Restaurant

    Powder Springs, GA
    Price: $1,550,000
    Size: 2,777 sqft

  • Jack in the Box

    Jack in the Box

    Net Leased Restaurant

    Rosemead, CA
    Price: $1,545,000
    Size: 1,884 sqft

There are additional transactions closed, contact us for more.

In The News

  • Ron Duong of Marcus & Millichap Sells Garden Grove Starbucks for a 3.58% Cap Rate and Buena Park Shopping Strip for a 4.67% Cap Rate

    Ron Duong of Marcus & Millichap's Newport Beach office, closed escrow on two high profile locations in Orange County. Among the two properties sold was a Starbucks ground lease drive-thru only...

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    Ron Duong of Marcus & Millichap Sells the Historic Madison Square Garden in Laguna Beach and Two Retail Properties in Southern California Totaling $12,942,000

    Ron Duong, Senior Vice President Investments of Marcus & Millichap's Newport Beach Office, closed escrow on three retail properties in Southern California - The Historic Madison Square Garden in...

    Read More

    High-Traffic Property Sells In Garden Grove

    Ron Duong a top retail agent in Marcus & Millichap's Newport Beach office, sells a high-traffic property in Garden Grove at one of the busiest intersections in Orange County.

    Read More
  • Marcus & Millichap's Ron Duong Closes Inland Empire Record Sale

    Ron Duong of Marcus & Millchap's Newport Beach office, closed escrow on two Inland Empire retail properties for a total of $9.9 million. A San Bernardino County-based private investor acquired the...

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    Panera Bread, a 4,000 s/f net-leased property located in Menifee, CA, sold at a cap rate of 5 percent for $2,175,000

    Glen Kunofsky, executive vice president investments, and Don McMinn, senior associate from the firm’s Atlanta office, represented the seller, a private investor. The buyer, a private investor, was...

    Read More

    Santa Ana Retail Sold

    The strip center at 2409-2415 W. 17th St. in Santa Ana, CA sold for $1.32 million, or $196 per square foot, in a sale between private investors. The 6,716-square-foot retail building was...

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  • Orange County Strip Center Sells For $1.14M

    Kha Dinh Nguyen and Xuan Trieu sold 11841-11857 Beach Blvd. in Stanton, CA to Scotty Lee and Thao Tran for $1.14 million, or about $170 per square foot. The six-tenant strip center was sold at...

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    Investor Buys Fully Leased Strip Center

    A private investor purchased the strip center at 8450-8458 Edinger Ave. in Huntington Beach, CA, from a family trust for $1.5 million, or $266 per square foot. The capitalization rate was 6.3...

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    Gridley Plaza in Artesia Sells for $3.8M

    Private investors traded the 30,678-square-foot retail/office building at 18300 Gridley Road in Artesia, CA, for $3.75 million, or approximately $122 per square foot. The building, known as the...

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  • Buca di Beppo Nets $2.3M

    The Buci di Beppo restaurant at 11757 Harbor Blvd. in Garden Grove, CA sold for $2.32 million, or $290 per square-foot, in a sale between private investors. The 8,000-square-foot retail...

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    Medical/Dental Bldg. Sold in Covina

    A private trust purchased the medical/dental building at 554-560 W. Badillo St. in Covina, CA, from Kenneth Catanzarite for $1.7 million, or about $323 per square foot. Built in 1969, the...

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    La Habra Strip Center Grabs $1.4 M

    Downey, CA-based investor Makasjian Properties purchased the strip center at 710-720 E. Whittier Blvd. in La Habra, CA, from a private trust for $1.4 million or $210 per square foot. This...

    Read More