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SECOND FLOOR - 38,829 RSF
FIRST FLOOR - 38,149 RSF
High Image, “Pride of Ownership” Office Building Ideal for Owner-User Ideal corporate headquarters investment for an owner-user seeking a lease savings trade-off. The purchase provides this owner-user investor protection against future rental market uncertainty and rate increases, as well as after-tax equity accumulation.
An Owner-user upside opportunity includes lease savings totaling 75% through ownership versus leasing, and an after-tax equity buildup totaling $13,032,136 over 10 years.
Strong Market Fundamentals Driving South Orange County and Irvine Spectrum Area Highly sought-after South Orange County office market with strong fundamentals, driven by lack of available space as well as robust positive net absorption and rental rate growth.
The South Orange County submarket features one of the lowest direct vacancy rates (8.0%, OC’s lowest in 2Q2018) and highest rent growths (16% 2-year growth) in Southern California. Vacancy in Lake Forest is 5.2% and the lowest of any Orange County city above 1.3 MSF of office inventory.
A S S E T P R O F I L E
76,978 SFBuilding Size
$23,093,400Purchase Price
$
Toll Brothers New Luxury Homes
Alton Parkway
Foothill Plaza Retail Center
STARBUCKS
Foothill Towne Center
Walmart
Bake Parkway
Com
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re D
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Contact Us
Jennifer WhittingtonLic. 01839221 +1 949 725 8444 [email protected]
Matt DidierLic. 01345447 +1 949 725 8431 [email protected]
David DowdLic. 00896264 +1 949 725 8410 [email protected]
DISCLAIMER
© 2018 CBRE, Inc. The information containing in this document has been obtained for sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property, The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.
CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the Property of their respective owners.
