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September 19, 2020
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Laurus Corporation Buys OC Medical Office Building


Saddleback Financial Center, a four-story, 73k sf medical office tower in Laguna Hills, was purchased by an affiliate of Laurus Corporation. The price was not immediately given out.

The four-story building, which was renovated in 2003, has reserved parking within a shared parking structure. Currently 68% leased, tenants at the property include the Department of Rehabilitation and California Bank and Trust.

Saddleback Financial Center is located on the campus of MemorialCare’s Saddleback Memorial Medical Center, adjacent to Laguna Woods Village and the Laguna Hills Mall in the South Orange County submarket. This submarket is one of the most affluent and highly educated locations on the West Coast, boasting an average household income of $116,000 within a five-mile radius of the property. Additionally, Saddleback Financial Center is convenient to Interstate 5 and California 73.

Evan Kovac, Derreck Barker, Andrew Milne and Trent Jemmett with HFF represented the buyer and the seller, True North Management Group LLC.

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