Bailard Sells 90,191 SF Office Building In Orange For $15.45 Million With CBRE Representing
California
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725 West Town And Country Road
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The transaction involved the sale of a 90,191-square-foot office building located at 725 West Town And Country Road, Orange, Calif. The property was sold for $15,450,000, with a price per square foot of $171. The five-story asset is 62% leased to 12 tenants, presenting opportunities for investment, owner-user, or residential redevelopment.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $15,450,000
- Square Footage: 90,191
- Address: 725 West Town And Country Road
- Market: Orange
- Seller: Sonya Mughal - Bailard
- Broker Representatives: Anthony DeLorenzo, Bryan Johnson, Harry Su & Sammy Cemo - CBRE
CBRE facilitated the transaction on behalf of the seller, Bailard, indicating a strong interest in the property's multi-tenant lease structure and potential for redevelopment. The buyer is identified as local, highlighting regional market engagement in office space acquisitions.
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