CBRE Sells Alcalde Business Center Industrial Park In Laguna Hills For $13.95M

The Alcalde Business Center, a multi-tenant industrial park located at 23151 Alcalde Drive in Laguna Hills, has been sold by CBRE to a private investor for $13.95 million. The property spans over 2.46 acres and offers 37,318 square feet of space. With a price per square foot of $374, the transaction demonstrates the property's market value and potential for future appreciation.

Summary of Transaction Details

• Property Type: Industrial
• Transaction Amount: $13,950,000
• Address: 23151 Alcalde Drive
• Market: Laguna Hills
• ACRES: 2.46

The transaction was facilitated by a team of brokers from CBRE, including Michael Longo, Mark Shaffer, Anthony DeLorenzo, and Gerard Poutier. Their expertise and representation contributed to the successful sale of the Alcalde Business Center. The property's strategic location, along with its potential for increased rental income, offers attractive near-term upside and long-term value appreciation for the new owner.