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May 15, 2019  

Calif. Offices With Long Lease for Sale

AEW Capital is marketing an office building in California’s Orange County that’s fully leased for the next dozen years.The 111,000-square-foot property, in Aliso Viejo, is valued at about $58 million. A trade at that $521/sf price would produce an initial annual yield of 5.9%. Newmark is representing Boston-based AEW.The four-story, Class-A building has been fully leased since its completion in 1999. Ambry Genetics occupies 68,000 sf...

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