Healthcare Realty Acquires Laguna Hills Office For $24.6M
24012 Calle De La Plata, Laguna Hills...
$24,600,000
$337/SF
Building Size
73,000 SF
Asset Type
Office
Closing
Nov 22, 2023
AI
The Saddleback Professional Center, a 73,000-square-foot medical office building located at 24012 Calle De La Plata in Laguna Hills, CA, was recently sold to Healthcare Realty for $24.6 million. The property underwent renovations by seller Miramar Capital, leading to improved operations and enhanced value.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $24,600,000.00
- Address: 24012 Calle De La Plata, Laguna Hills, CA
- Market Value: Largest sale year-to-date with a medical component in South Orange County
Stream Realty Partners' Mike Adams and Morgan Adams, who represented the seller in the transaction, will continue to oversee the leasing activities at the Saddleback Professional Center. The property is strategically positioned near MemorialCare’s Saddleback Medical Center and offers stunning views of the Saddleback Mountains, making it a highly attractive medical office building in the area.
Players
Market 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
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93