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Class A Two-Building Office Campus
For Sale
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27422 Portola Pkwy, Lake Forest, CA 92610

Office campus with onsite retail, hospitality, outdoor amenities, and a renovated central courtyard.

Property SizeContact for details
Days on Market144

Property Features for 27422 Portola Pkwy

General Information

Standard status Active
Property subtype Office
Listing Agency: Marcus & Millichap - South Bay
Listed By: Mark DeGiorgio · License #CA 02026853
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 7:32PM

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 Marcus & Millichap - South Bay

Investment Insights

Based on property information with market context.

Foothill Plaza is a Class A office campus comprising two contemporary buildings with a combined 212,246 SF. Developed in 2001, the property includes polished lobby areas, a central courtyard that has been recently renovated, and onsite retail, hospitality, and outdoor amenities. The campus occupies almost 11 acres and is located at 27422 and 27442 Portola Parkway in Foothill Ranch, California.

The property is 89% leased to corporate users across multiple industries, with 2.80 years of weighted average lease term remaining. Approximately 71% of the initial three-year rollover profile provides near-term leasing activity. The property is situated within a master-planned community in the South Orange County submarket, and the land component has been identified for potential future redevelopment or conversion to Life Sciences, Medical, Retail, Self-Storage, Industrial, or Multifamily uses.

Key Highlights

  • Two‑building Class A office campus totaling 212,246 SF
  • Almost 11 acres at 27422 and 27442 Portola Parkway
  • 89% leased to corporate users across multiple industries

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Hair Salon Grocery & Convenience Store Auto Parts Store Storage Facility Garden Center Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

961
Businesses Nearby

Demographics for 92610, CA

12,545
Population
4,809
Households
2.6
Avg Household Size
38
Median Age
64%
College-Educated
96%
High-School Grad
4.0 sq mi
ZIP Area
3,136
Density / Sq Mi
$181,188
Median Household Income
$82,579
Median Earnings
$3,120
Median Rent
$939,000
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office campus with onsite retail, hospitality, outdoor amenities, and a renovated central courtyard.
Where is this office building located?
The property is located at 27422 Portola Pkwy Lake Forest, CA.
What are key features of this property?
This property features: Two‑building Class A office campus totaling 212,246 SF; Almost 11 acres at 27422 and 27442 Portola Parkway; 89% leased to corporate users across multiple industries
More about this property
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