facebook
Traded Co logo
Submit

Kevin Saghian And Mark Bolour Of Bolour Associates Sell Mission Viejo Office For $23.93M

Property Image
SOLD
$23,925,370
Blake Bokosky
Will Poulsen

California

See Similar Deals
Office71,464 SF
Sold 01/31/2025
the dealplayerscompscontact
Property Image
SOLD

Kevin Saghian And Mark Bolour Of Bolour Associates Sell Mission Viejo Office For $23.93M

27401 Los Altos

See Similar Deals
Office71,464 SF
Sold 01/31/2025
Blake Bokosky
Will Poulsen
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$334
Total Square Footage:71,464 SF
Transaction Type:Sale

The property asset sold is an office located at 27401 Los Altos in Mission Viejo, with a sale price of $23,925,370. This asset encompasses a total area of 71,464 square feet, translating to a price per square foot of $334.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $23,925,370
  • Square Footage: 71,464
  • Price Per Square Foot: $334
  • Seller: Kevin Saghian & Mark Bolour - Bolour Associates
  • Brokers: Blake Bokosky & Will Poulsen - JLL
  • Date of Transaction: 01/31/2025

Kevin Saghian and Mark Bolour of Bolour Associates sold the property, while Blake Bokosky and Will Poulsen represented them in this transaction. Bolour utilized their development and management expertise to align the Cerro building with current market trends, achieving 95% building occupancy and minimal future capital expenditures. The firm continues to seek assets that offer yield, focusing on investment and redevelopment in growth markets.

Players

Will Poulsen
JLL
Will Poulsen
14 deals$701.5M volume
BROKER
Blake Bokosky
JLL
Blake Bokosky
7 deals$645.8M volume
BROKER

Details

SOLD
IMAGE: Kevin Saghian, Mark Bolour, Blake Bokosky & Will Poulsen DATE: 01/31/2025 ADDRESS: 27401 Los Altos MARKET: Mission Viejo ASSET TYPE: Office SELLER: Kevin Saghian & Mark Bolour - Bolour Associates (@Bolour_CRE) BROKERS: Blake Bokosky (@BBokosky) & Will Poulsen (@WPoulsen) - JLL (@JLL) SALE PRICE: $23,925,370 SF: 71,464 ~ PPSF: $334 NOTE FROM SELLER: BOLOUR leveraged its development and management expertise to align the Cerro building with current market trends, enhancing the property's marketability and activating a highly effective lease-up program, accelerating deal flow for our leasing brokers and achieving 95% building occupancy, with minimal future capital expenditures needed. We continue to seek assets offering yield – part of our ongoing focus on investment and redevelopment in growth markets. Contact BOLOUR at ☎️ 323-677-0550 or visit bolourassociates.com/investments/ for more information. BOLOUR is an integrated real estate finance, investment and development firm that invests in value-add assets in emerging and transit-oriented neighborhoods. BOLOUR also draws from its experience in investment and development to tackle complicated private lending deals. We can finance up to 80% LTV, loan term up to three years, loan amount from $4 million to $30 million, and interest rates starting at 8.00%.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,276,019.72

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$85,001.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,418.46
Annual Debt Service$1,361,021.52