March 2, 2017
Irvine, CA-based Kelemen Caamaño Investments sold 26840 Aliso Viejo Pkwy., a two-story, creative office building in Aliso Viejo, CA for $11.8 million to Seabreeze Management Company Inc. The transaction equates to $347 per square-foot.
The 33,915-square-foot office building, which was 30% occupied, recently underwent $1 million in exterior and interior renovations. The asset fits Seabreeze’s expansion plans, as well as search for an owner-user facility.
The buyer plans to occupy the remaining vacant space, totaling nearly 24,000 square feet. Built in 2000, the building is a part of the Town Center Corporate Park.
Hughes Marino’s Brett Lessman and Will Tober represented the buyer. Wind Water Realty’s Rob Rader represented the seller.
For comments, questions or concerns, please contact Dennis Kaiser