Multi-Tenant Office
135 Columbia Aliso Viejo, CA 92656
For Sale
$9,800,000
Elevator-served office building with a modern, high-finish lobby and natural light throughout common areas.
Property Size24,552 SF
Price / SF$399.15
Days on Market473
Property Features for 135 Columbia
General Information
- Standard status
- Active
- Size
- 24,552 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2000
Listing Agency:
Economos Dewolf, Inc.
(949) 576-2751
Listed By:
Geoffrey Dewolf · License #01319312
Source:
Xome
Added: Apr 7, 2025
Changed: Jul 23
Last Checked: Jul 23 at 7:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Economos Dewolf, Inc.
Investment Insights
Based on property information with market context.
This is a high-image, multi-tenant office building featuring an elevator-served layout, a modern, high-finish lobby, and natural light. The property totals 24,552 SF and includes 16,239 SF currently available for lease or owner-user occupancy, with stated potential for medical conversion.
The building offers prominent building-top signage and is located along Aliso Creek Road, with immediate access to the 73 Toll Road and minutes to the 5 Freeway.
The available space may be suitable for an owner-occupant seeking a workplace within a multi-tenant setting, while also supporting leasing opportunities within the building’s elevator-served configuration.
The building offers prominent building-top signage and is located along Aliso Creek Road, with immediate access to the 73 Toll Road and minutes to the 5 Freeway.
The available space may be suitable for an owner-occupant seeking a workplace within a multi-tenant setting, while also supporting leasing opportunities within the building’s elevator-served configuration.
Key Highlights
- 24,552‑SF high‑image, multi‑tenant office building built in 2000
- 16,239‑SF available for lease or owner‑user occupancy
- Building features elevator service, a modern, high‑finish lobby, and natural light in common areas
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $733.6k | $29.88 |
| − Vacancy | −$89.9k | −$3.66 |
| EGI | $643.7k | $26.22 |
| − OpEx | −$160.9k | −$6.55 |
| NOI | $482.8k | $19.66 |
24,552 SF · lease $29.88/SF/yr · vacancy 12.25% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.90M
$6.04M – $8.05M
NOI $482,810 @ 7.0% cap · market cap 4.93%
Second Best
Healthcare Medical
$6.68M
$5.85M – $7.80M
NOI $467,754 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$8.25M
$7.22M – $9.62M
NOI $577,257 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Elevator-served office building with a modern, high-finish lobby and natural light throughout common areas.
Where is this office building located?
The property is located at 135 Columbia Aliso Viejo, CA.
What is the asking price?
The asking price for this property is $9,800,000.
What are key features of this property?
This property features: 24,552‑SF high‑image, multi‑tenant office building built in 2000; 16,239‑SF available for lease or owner‑user occupancy; Building features elevator service, a modern, high‑finish lobby, and natural light in common areas
