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4/21/22
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In a recent flex sale comp out of south Orange County, a 40k sf flex building in Aliso Viejo sold for $11.2 mil ($280/sf). The building is located at 81-91 Columbia, adjacent to Aliso Viejo Pkwy and Aliso Creek Rd.
For 30 years, the property was occupied by the United States Postal Service (USPS). The owner/user buyer plans to occupy the 50% of the space formerly occupied by USPS, with the balance consisting of four separate units having in-place leases.
David Bolt of Lee & Associates Newport Beach represented the seller, J.B.K. Living Trust, in the deal. The buyer, East Sunrise Investment LLC, was repped by JLL.
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