27101 Puerta Real Mission Viejo, CA 92691-8518
This exceptional Mission Viejo office complex presents a compelling investment or owner-user opportunity. Comprising two four-story buildings totaling 233,531 rentable square feet on a 10.3-acre lot, this property boasts 929 parking spaces and enjoys a prime location directly adjacent to the Interstate 5 Freeway, providing unparalleled visibility and signage opportunities with approximately 310,956 vehicles passing daily. Substantially renovated in 2021, the property features updated lobbies, restrooms, wayfinding, exterior signage, a new conference center, tenant lounge, and a refreshed fitness facility. Currently at 49.8% occupancy, there is significant potential for increased revenue. The property benefits from its proximity to numerous amenities, including The Kaleidoscope, The Shops at Mission Viejo, The Center at Rancho Niguel, Puerta Real Plaza, College Center, Providence Mission Hospital, and Saddleback College. Built in 2001, this multi-tenant property offers 116,788 square feet of immediately available space, making it ideal for both value-add investors and owner-users. The property's location in Orange County, known for its strong economy, high-quality workforce, and desirable lifestyle, further enhances its investment appeal. The property is offered free and clear of any existing financing, on an "as-is, where-is" basis. The substantial freeway frontage and proximity to Providence Mission Hospital present attractive upside potential, including possible medical conversion.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.