MicroVention Terumo Acquires Office Building From Pacific Life Insurance In Aliso Viejo For $44M

An office building in Aliso Viejo, located at 45 Enterprise, was sold for $44 million. The 242,700-square-foot property was acquired by MicroVention Terumo from Pacific Life Insurance. The sale price of $44 million translates to a price per square foot of $181, marking a 45% discount from the original asking price of $63.8 million set by Pacific Life Insurance.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $44,000,000
• Buyer: Carsten Schroeder - MicroVention Terumo
• Seller: Darryl Button - Pacific Life Insurance
• Address: 45 Enterprise
• Market: Aliso Viejo

Carsten Schroeder of MicroVention Terumo acted as the buyer, acquiring the office building at a discounted price, while Darryl Button from Pacific Life Insurance served as the seller in this $44 million transaction. The property, previously owned by Pacific Life Insurance, saw a significant price difference from its original acquisition in 2007, demonstrating a notable investment opportunity.