NAI Capital Announces sale of Laguna Hill Medical Arts

June 4, 2015

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Laguna Hills, CA – June 4, 2015 – (RealEstateRama) — Senior vice presidents John Bosko and Bob Bush, both with NAI Capital represented Michigan-based Charles J. Long Trust in the disposition of Laguna Hill Medical Arts Building B, a single two story medical office building located in the Laguna Hills/Aliso Viejo submarket of Orange Country, CA. The project is just 2 blocks from the Saddleback Memorial Hospital and just outside gate 4 of Leisure World Laguna Woods. Occupancy was 86% at the time of sale.<span id="more-3497"></span></p> <p>The buyer, Horwin Investment LLC paid $5.9 million or $239 per square foot.</p> <p>Laguna Hill Medical Arts Building B at 24953 Paseo de Valencia, has two sister buildings that were built in 1979. Each of the three buildings are separately owned. Building B currently has ten tenants and three vacant units that have not been marketed for lease for years as they served as storage for the seller and his tenants. John Bosko said, “This property presented the new owner with good upside potential in the vacant units. Demand for medical office space has pushed vacancy into the single digits in Orange County and rents have begun to ascend.”</p> <p>“Due to its proximity to the hospital, this project since it was built has enjoyed historically high occupancy,” added Bob Bush. “The new ownership will have no trouble taking this investment to 100% occupancy.”</p> <p>Laguna Hill Medical Arts has outstanding demographics; 317,206 people live within a 5 mile radius with an $118,598 average household income surrounded by excellent amenities. Laguna Hills Mall is a 5 minute drive, Marketplace at Laguna Niguel is 7 minutes, and The Shops at Mission Viejo are only 15 minutes from the site.</p> <p><strong>About NAI Capital</strong></p> <p>NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California member of NAI Global, a premier real estate service network in 55 countries with 375 local offices and 6,700 local market leaders spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services.</p> <p>NAI Capital Brokerage CA BRE #00806840.</p> <p>To learn more, visit www.naicapital.com</p> <p>J.C. Casillas</p> <p>Director of Research and Public Relations<br /> jcasillas (at) naicapital (dot) com</p> <p>NAI Capital<br /> 16001 Ventura Blvd, Suite 200<br /> Encino, CA 91436<br /> naicapital.com<br /> Tel +1 818 933 2433<br /> Fax +1 818 905 2425</p> <p>Press Contact:<br /> J.C. 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Grace F. 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</div>  <div class="td-block-span12"> <div class="td_module_6 td_module_wrap td-animation-stack td_module_no_thumb"> <div class="item-details"> <h3 class="entry-title td-module-title"><a href="https://california.realestaterama.com/senators-include-legal-protections-for-military-families-in-privatized-housing-in-defense-bill-ID09930.html" rel="bookmark" title="Senators: Include Legal Protections for Military Families in Privatized Housing in Defense Bill">Senators: Include Legal Protections for Military Families in Privatized Housing in...</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/realestaterama-2">RealEstateRama</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2019-04-01T10:24:14+00:00" >April 1, 2019</time></div> </div> </div> </div> </div>  <div class="td-block-span12"> <div class="td_module_6 td_module_wrap td-animation-stack td_module_no_thumb"> <div class="item-details"> <h3 class="entry-title td-module-title"><a href="https://california.realestaterama.com/mccarthy-introduces-legislation-to-repurpose-high-speed-rail-funding-to-water-infrastructure-projects-ID09929.html" rel="bookmark" title="McCarthy Introduces Legislation to Repurpose High-Speed Rail Funding to Water Infrastructure Projects">McCarthy Introduces Legislation to Repurpose High-Speed Rail Funding to Water Infrastructure...</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/congressman-kevin-mccarthy">Congressman Kevin McCarthy</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2019-04-01T10:20:36+00:00" >April 1, 2019</time></div> </div> </div> </div> </div> </div></div> <aside class="widget widget_archive"><div class="block-title"><span>Government & Nonprofit Press Release Archive</span></div> 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