November 15, 2018
Beverly Hills-based Bolour Associates, Inc. has refinanced its recently-renovated Mission Viejo, CA office building. The four-story asset, at 27410 Los Altos, was acquired for $21.5 million in April 2018 from Newport Beach, CA-based Bixby Land Company.
The property features more than 72,000 square feet of rentable space on a 3.9-acre parcel with ample parking. Bolour refinanced the property after completing renovations to the building’s last remaining legacy suites. Previously, Bixby Land Company had started improvements to exterior landscaping, interior common areas and suites.
Balboa Financial’s Scott Duntley arranged the fixed, 10-year loan through Umpqua Bank.
Bolour’s Adam Eisenberg says, “Although suburban markets don’t typically adopt the urban creative office trend, it is starting to come to life in Orange County. It’s part of Bolour’s strategy to renovate creative suburban office product, and this property is in a prime location.”
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