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4/06/12
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A 72.9k sf medical office property in Laguna Hills has been listed for sale. The property, located at 24012 Calle De La Plata, is adjacent to Saddleback Memorial Medical Center. It is currently 57 percent occupied by medical, financial, and professional office tenants.
Formerly known as Saddleback Financial Center, the four-story, Class B building has recently been updated to include a new roof, HVAC units, and a chiller; in addition to upgraded common areas, restrooms and elevators. The property for sale also includes an interest in the attached, six-level parking structure.
Dan Vittone and Alan Pekarcik of Voit Real Estate Services have the listing. An asking price was not given out.
“This building has a number of diverse tenants in place, and is well-positioned for a buyer to benefit from future economic expansion and rent growth in Orange County,” said Vittone. “In addition, the property’s close proximity to Saddleback Memorial Medical Center presents a unique opportunity for investors to generate increased rental revenue by marketing available space to medical tenants. Neighboring medical office buildings are currently achieving rents ranging from $2.25 to $2.80 PSF/month on a triple net basis.”
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