Barker Pacific Partnership Adds Mission Viejo Offices in $32M Acquisition
CBRE has successfully negotiated the $32 million sale of Mission Ridge, a twin four-story, multi-tenant office complex located at 27101 and 27201 Puerta Real in Mission Viejo, California. The property was acquired by a partnership between Barker Pacific Group and Kingsbarn Realty Capital.
The sale was brokered by CBRE’s Investment Properties team, which included Sean Sullivan, Todd Tydlaska, Anthony DeLorenzo, Sammy Cemo, Bryan Johnson, and Grant Goldman, who represented the institutional seller.
“We were privileged to handle this sale and pleased that we could identify a buyer that appreciates the location, quality, and potential of Mission Ridge,” said Sean Sullivan. Added Anthony DeLorenzo, “The offering drew substantial interest from the investment community, having received over 10 offers, and an extremely competitive best and final bidding process.”
Greg Grant with CBRE’s Debt & Structured Finance team arranged the acquisition financing.
Situated on 10.28 acres, the 233,531-square-foot property was originally constructed in the early 2000s and underwent significant renovations in 2021. The upgrades included modernized lobbies, updated restrooms, a new conference center, a tenant lounge, and an enhanced fitness facility featuring showers and locker rooms.
