$24 Million sale of stabilized Orange County office building complete
United States, Feb. 10 -- JLL Capital Markets announced that it has completed the $24 million sale of Cerro, a 71,464-square-foot, institutional-quality office building in Mission Viejo, California.JLL represented the seller, Bolour Associates, and procured a high-net-worth private buyer.Cerro is located on a 3.82-acre site at 27401 Los Altos just east of Interstate 5 and close to State Route 73. The property is positioned within South Orange County, which is rapidly expanding as a tech and life sciences hub and is home to a strong a growing housing market. Cerro is surrounded by a variety of amenities, including The Shops at Mission Viejo, which offers more than 150 stores and restaurants, and Kaleidoscope Retail Center.Renovated in 2018, ...
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