ORANGE COUNTY, CA – Dan Vittone (middle right photo) and Alan Pekarcik (middle left photo) 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 (top left photo) 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.”
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.
Contact:
Jenn Quader/ Judith Brower
Brower, Miller & Cole
(949) 955-7940
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