June 6, 2018
The Summit Office Campus, a five-building, 479,451-square-foot office project in Aliso Viejo, CA, has traded hands for more than $150 million. Rockpoint Group, LLC acquired the mid-rise asset from an unnamed global investment advisor. The transaction is significant as it marks the largest office investment sale over the past six months in Orange County.
Built between 1998 and 2000, and located at 65, 75, 85, 95 and 101 Enterprise on roughly 20.7 acres, the campus consists of three, three-story and two, four-story multi-tenant office buildings which are currently 79% occupied.
NKF Capital Markets Kevin Shannon, Paul Jones, Brunson Howard, Ken White, Rick Stumm and Blake Bokosky represented the seller. The buyer was self-represented.
Jones notes, “The Summit Office Campus provided the buyer with an institutionally built, managed and maintained office project in the heart of the amenity-rich master-planned community of Aliso Viejo, as well as greater South Orange County.”
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