Multi-Tenant Office
For Sale
$9,800,000
135 Columbia, Aliso Viejo, CA 92656
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 Market541
Property Features for 135 Columbia
General Information
Standard status
Active
Size
24,552 SF
Property subtype
COMMERCIAL
Lease Type
Full Service
Additional Details
Highway Access
Yes
Amenities
modern high-finish lobby
natural light
building-top signage
elevator
Building Details
Building Size
24,552 SF
Year Built
2000
Tenancy
Multi
Listing Agency:
Economos Dewolf, Inc. 949-576-2751 Overview Additional information MLS R ID 25541839 Interior features Total Bathrooms 0 Exterior features Lot Size 1.39 Acres Other property details The Summer Perry Group Compass Request a tour Contact agent Request a tour Contact agent Listed by Geoffrey Dewolf CA DRE# 01319312 with Economos Dewolf, Inc. 949-576-2751
Listed By:
Geoffrey Dewolf CA DRE# 01319312 · License #01319312
(949) 500-6654
Source:
Summerperrygroup
Added: May 1, 2025
Changed: Oct 11
Last Checked: Oct 23 at 12:34PM
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. 949-576-2751 Overview Additional information MLS R ID 25541839 Interior features Total Bathrooms 0 Exterior features Lot Size 1.39 Acres Other property details The Summer Perry Group Compass Request a tour Contact agent Request a tour Contact agent Listed by Geoffrey Dewolf CA DRE# 01319312 with Economos Dewolf, Inc. 949-576-2751
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$482,810
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,656,200
$9.7M
Cap Rate 7%
$6,897,286
$6.9M
Cap Rate 9%
$5,364,556
$5.4M
Market Conditions
NOI Build-Up for 24,552 SF
Gross rent
$733.6K $29.88/SF
− Vacancy
−$89.9K −$3.66/SF
EGI
$643.7K $26.22/SF
− OpEx
−$160.9K −$6.55/SF
NOI
$482.8K $19.66/SF
Area
Orange County, CA
Vacancy
12.25%
Lease Rate
$29.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,656,200
Cap Rate 7%
$6,897,286
Cap Rate 9%
$5,364,556
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 authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
957
Businesses Nearby
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Business Placement
Demographics for 92656, CA
53,473
Population
21,211
Households
2.5
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
8.0 sq mi
ZIP Area
6,684
Density / Sq Mi
$134,538
Median Household Income
$72,864
Median Earnings
$2,764
Median Rent
$849,900
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
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
