4 Big Surf LLC, care of California investors Edward and Zlaine Machado, purchased the Fallbrook Towne Center at 486 Ammunition Road in Fallbrook, CA. The buyer purchased the retail center for $5.25 million, in excess of $40 per square foot. At the time of sale, the 130,400-square-foot retail center was more than 98 percent occupied and reportedly sold at an 8.25 percent cap rate. Anchored by Albertsons, the center sits on 16.54 acres and features 1,021 feet of frontage on Ammunition Road and 918 feet on Mission Road. David Hagglund and Eric Tompkins of CB Richard Ellis negotiated the deal on behalf of the buyer. Lauri Greenblatt of Promus Management represented the seller, Irmas Fallbrook LLC.