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Acore Capital Acquires Heights Office Complex In Aliso Viejo For $70M

Property Image
SOLD
$70,000,000

California

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Office2,449,085 SF
Sold 10/09/2023
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Property Image
SOLD

Acore Capital Acquires Heights Office Complex In Aliso Viejo For $70M

65 Enterprise, 75 Enterprise, 85 Enterprise, 95 Enterprise & 101 Enterprise

See Similar Deals
Office2,449,085 SF
Sold 10/09/2023
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$28
Total Square Footage:2,449,085 SF
Transaction Type:Sale

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

WH
Acore Capital
Warren de Haan
5 deals$344.6M volume
BUYER
WH
Warren de Haan
5 deals$344.6M volume
BUYER
Acore Capital
Acore Capital
LENDER
Rockpoint Group
Rockpoint Group
LENDER

Details

SOLD
IMAGE: Camille Barnard & Warren de Haan DATE: 10/09/2023 ADDRESS: 65, 75, 85, 95 & 101 Enterprise MARKET: Aliso Viejo ASSET TYPE: Office ~ ACRES: 21 BUYER: Acore Capital - Warren de Haan (@WarrendeHaan) SELLER: Rockpoint - Camille Barnard (@Cammy322) SALE PRICE: $70,000,000 SF: 489,817 ~ PPSF: $143 NOTE: The Heights office complex in Aliso Viejo was foreclosed and sold to Acore Capital for $70 million, a sharp drop from its previous value. Acore plans to continue leasing the property, enlisting Lincoln Property Co. for management.

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Debt Service Coverage Ratio (DSCR)

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