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27101 Puerta RealMission Viejo, CA 92691

233,531 SF Office, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
120
This exceptional Mission Viejo office complex presents a compelling investment or owner-user opportunity. Comprising two four-story buildings totaling 233,531 rentable square feet on a 10.3-acre lot, this property boasts 929 parking spaces and enjoys a prime location directly adjacent to the Interstate 5 Freeway, providing unparalleled visibility and signage opportunities with approximately 310,956 vehicles passing daily. Substantially renovated in 2021, the property features updated lobbies, restrooms, wayfinding, exterior signage, a new conference center, tenant lounge, and a refreshed fitness facility. Currently at 49.8% occupancy, there is significant potential for increased revenue. The property benefits from its proximity to numerous amenities, including The Kaleidoscope, The Shops at Mission Viejo, The Center at Rancho Niguel, Puerta Real Plaza, College Center, Providence Mission Hospital, and Saddleback College. Built in 2001, this multi-tenant property offers 116,788 square feet of immediately available space, making it ideal for both value-add investors and owner-users. The property's location in Orange County, known for its strong economy, high-quality workforce, and desirable lifestyle, further enhances its investment appeal. The property is offered free and clear of any existing financing, on an "as-is, where-is" basis. The substantial freeway frontage and proximity to Providence Mission Hospital present attractive upside potential, including possible medical conversion.

Highlights

  • Mission Ridge, a twin four-story office complex in Mission Viejo, CA, totaling 233,531 rentable square feet on a 10.28-acre lot, offers a compelling investment or owner-user opportunity.
  • The property boasts 929 parking spaces and 2,200 linear feet of I-5 freeway frontage, providing high visibility.
  • Substantially renovated in 2021, including updated lobbies, restrooms, and a new conference center, with 116,788 square feet currently available.
  • Located near major amenities and Providence Mission Hospital, presenting potential for medical conversion, and offered free and clear of financing, as-is.

Property Details for 27101 Puerta Real

Property type
Office properties
Square Feet
233,531 SF
Year Built/Renovated
2001/2021
Buildings
2
Stories
4
Lot Size (sq. ft)
448,668 SF

Location Insight

City
Mission Viejo
County
Orange
State
California
Latitude
33.568112
Longitude
-117.6714435
27101 Puerta Real, Mission Viejo, California

FAQs

What type of property is this?
Office property - 233,531 SF Office, Value-Add Opportunity
Where is the office property located?
The property is located at 27101 Puerta Real Mission Viejo, CA.
What are key features of this property?
This property features: Mission Ridge, a twin four-story office complex in Mission Viejo, CA, totaling 233,531 rentable square feet on a 10.28-acre lot, offers a compelling investment or owner-user opportunity.; The property boasts 929 parking spaces and 2,200 linear feet of I-5 freeway frontage, providing high visibility.; Substantially renovated in 2021, including updated lobbies, restrooms, and a new conference center, with 116,788 square feet currently available.
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27101 Puerta Real
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