Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2001
Building Area Gross
Occupancy 89.0 %

Asset Description

JLL, as exclusive advisor, is pleased to present the opportunity to acquire Foothill Plaza (the “Property”), a Class A, two building office campus totaling 212,246 SF located at 27422 & 27442 Portola Parkway in Foothill Ranch, California. Developed in 2001, the Property offers onsite retail/hospitality/outdoor amenities while being located in a highly desired master planned community within the the thriving South Orange County submarket. Each building’s contemporary design features a pristine lobby and easy access to the recently renovated central courtyard. The Property is 89% leased to a strong mix of corporate users from a wide range of industries. This opportunity has a weighted average lease term of 2.80 years remaining, offering an investor a dependable near-term cash flow. Near-term upside can be achieved through additional lease-up and pushing market rents as the initial 3-year rollover profile is approximately 71%. Additionally, the Property encompasses almost 11 acres providing a covered land play for future redevelopment or conversion to Life Sciences, Medical, Retail, Self-Storage, Industrial or Multifamily.

Investment Highlights

  • Best-in-Class Low Rise Office Campus
  • Attractive Investment Opportunity of Scale with Upside Potential
  • Top Tier Location within South Orange County
  • Covered Land Play Optionality
Last Updated Date: 11 Aug 2022

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Last Updated Date: 11 Aug 2022

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