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25371 Commercentre Drive - Pacific Corporate Park - 71 at the Park, Lake Forest, CA

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25371 Commercentre Drive - Pacific Corporate Park - 71 at the Park

Lake Forest, CA 92630-8859 - Lake Forest/Foothill Ranch/RSM Submarket

(1.2 MB)

Property Type:Office Sub Type:Office Live/Work Unit Status:Existing Year Built:1999
Stories:2 Typical Floor:18,430 SF Building Size:36,762 SF
For Sale Price:$10,625,000 Price/SF:$289.02
Cap Rate:-
Parking:115 Surface spaces are available; Ratio of 4/1,000 SF Amenities:Courtyard

The property has a great campus environment and is located on an excellent corner location at Commercentre Drive and Bake Parkway. It is situated close to high-tech and corporate users and has convenient access to Foothill Corridor and the I-5 and 405 Freeways. This property has recently been re-zoned for office/medical use.

Sale Notes:
A buyer can occupy a total of 28,494 s.f., the remainder is occupied through 2022
Cost of occupancy could be ±$0.72/s.f./mo on average over 10 years
Nearly $1,000,000 was spent upgrading the creative building interior
Creative-style improvements include exposed ceilings, modern lighting, restrooms, and polished concrete
The HOA has recently invested over $750,000 in new paint, signage, and a major rebranding to The Park
The Park now has bocce ball, ping pong, BBQ with shaded sitting areas, drought-tolerant landscaping, putting green, and glass fire pits

Geoffrey DeWolf
(949) 885-2909

Steve Economos
(949) 885-2911

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