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JLL, as exclusive advisor, is pleased to present the opportunity to acquire Foothill Plaza (the “Property”), a Class A, two building office campus totaling 212,246 SF located at 27422 & 27442 Portola Parkway in Foothill Ranch, California. Developed in 2001, the Property offers onsite retail/hospitality/outdoor amenities while being located in a highly desired master planned community within the the thriving South Orange County submarket. Each building’s contemporary design features a pristine lobby and easy access to the recently renovated central courtyard. The Property is 89% leased to a strong mix of corporate users from a wide range of industries. This opportunity has a weighted average lease term of 2.80 years remaining, offering an investor a dependable near-term cash flow. Near-term upside can be achieved through additional lease-up and pushing market rents as the initial 3-year rollover profile is approximately 71%. Additionally, the Property encompasses almost 11 acres providing a covered land play for future redevelopment or conversion to Life Sciences, Medical, Retail, Self-Storage, Industrial or Multifamily.
- Best-in-Class Low Rise Office Campus
- Attractive Investment Opportunity of Scale with Upside Potential
- Top Tier Location within South Orange County
- Covered Land Play Optionality