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REA
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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