SOLDOffice
Phillippe Lord Of Meritage Homes Acquires Office Building In Aliso Viejo For $14M
95 Argonaut
$14,000,000
$291/SF
Building Size
48,000 SF
Asset Type
Office
Closing
Jun 11, 2026
AI
The asset involved in this transaction is an office property located at 95 Argonaut, Aliso Viejo, CA, comprising 48,000 square feet on a 2.8-acre lot. The sale price was $14,000,000, which equates to a price per square foot of $292.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $14,000,000
- Buyer: Phillippe Lord - Meritage Homes
- Seller: Mike Moshayedi - Argonaut Offices LLC
- Square Footage: 48,000
- Price Per Square Foot: $292
- Market: Aliso Viejo, CA
- Acres: 2.8
Phillippe Lord represents Meritage Homes in the acquisition of the property, which was largely vacant and is intended for redevelopment into 61 townhomes after receiving re-entitlement for residential use from the city. Mike Moshayedi represents Argonaut Offices LLC as the seller in this transaction.
Players
Aliso Viejo Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93