Acore Capital Acquires Heights Office Complex In Aliso Viejo For $70M
65 Enterprise, 75 Enterprise, 85 Enterprise, 95 Enterprise & 101 Enterprise
$70,000,000
$28/SF
Building Size
2,449,085 SF
Asset Type
Office
Closing
Oct 9, 2023
AI
The Heights office complex in Aliso Viejo, located at 65, 75, 85, 95 & 101 Enterprise, has been sold in a foreclosure sale. The property spans 21 acres and consists of office space, totaling 489,817 square feet. The transaction took place in the Aliso Viejo market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $70,000,000
- Price Per Square Foot: $143
- Buyer: Acore Capital - Warren de Haan
- Seller: Rockpoint - Camille Barnard
Acore Capital, led by Warren de Haan, acquired The Heights office complex from Rockpoint, represented by Camille Barnard. The sale price of the property was $70 million, marking a significant decrease from its previous value. Acore Capital plans to continue leasing the property and has enlisted Lincoln Property Co. for property management.
Players
Aliso Viejo Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93