Voit Selected To Market 73,000 Square-Foot Laguna Hills Medical Office Building
Judith Brower/Jenn Quader
Brower, Miller & Cole
VOIT SELECTED TO MARKET 73,000 SQUARE-FOOT LAGUNA HILLS MEDICAL OFFICE BUILDING
• Dan Vittone and Al Pekarcik of Voit’s Irvine office launch marketing campaign to sell former Saddleback Financial Center on behalf of its owner.
ORANGE COUNTY, Calif., (April 5, 2012) – Dan Vittone and Alan Pekarcik of Voit Real Estate Services’ Irvine office have been selected to market a 72,928 square-foot medical office property available for sale at 24012 Calle De La Plata in Laguna Hills, Calif. The property, which is adjacent to Saddleback Memorial Medical Center, is currently 57 percent occupied by medical, financial, and professional office tenants.
Formerly known as Saddleback Financial Center, this 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.
“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.”
According to Serrano, office buildings for sale in the 30,000 square-foot range are scarce in Orange County, especially buildings at this lower, bank-owned price point.
This property is located near Interstate 5 and the Laguna Hills business district on El Toro Road, and is situated next to the Laguna Hills mall. For more information, contact Dan Vittone at (949) 263-5328 or Alan Pekarcik at (949) 263-5308.
About Voit Real Estate Services
Voit Real Estate Services is now a 10 office commercial real estate firm that, through its brokerage and asset services professionals working together, provides strategic property solutions tailored to clients’ needs. Combining 40 years of expertise in brokerage, investment advisory, financial analysis, market research, asset management, tenant advisory and property management services, Voit provides clients with forward looking strategies that create value for their assets and portfolios.
Voit is a privately held, debt-free firm that has successfully navigated numerous market cycles since 1971 and currently employs more than 250 people. Voit has owned, developed and managed over 50 million square feet of commercial real estate, participated in $1.4 billion of construction projects and completed over $36 billion in brokerage transaction volume. Further information is available at www.voitco.com.