Stream Realty Partners has just completed the largest office building sale in Aliso Viejo in the past 24 months.
The national real estate services, development, and investment company represented Lone Cypress Realty, a Fort Worth, Texas-based real estate investment company, in the $10.5 million sale of VIEW at 101 Columbia adjacent to the San Joaquin Hills Corridor.
Holt Integrated Circuits, an integrated circuits supplier for the aerospace industry, acquired the Class B, 38,154-square-foot building. It plans to use the ground floor for warehousing and the second floor for corporate offices. The property was renovated in 2020 with modern entry finishes and light fixtures as well as updated two-tone exterior paint. The amenity-rich area boasts 721 restaurants, 531 retailers, and 6 gyms within a 5-mile radius.
“Given the limited number of large lease transactions in the area, we suggested that Lone Cypress Realty put the building on the market for sale or lease to catch a wide net of prospects,” said Mike Adams, Managing Director of Stream Greater Los Angeles. “During the marketing process, we dug into the market and presented three strong options either in the form of single user/long-term leases or purchase options. Lone Cypress ultimately chose the purchase option because it best fit their investment criteria.
Adams and Morgan Adams, an Associate at Stream Greater L.A., represented Lone Cypress Realty in the transaction.
“We selected Stream because of their aggressive marketing approach and tenacity,” said Steven Rawls, founder of Lone Cypress Realty. “They have a solid reputation in Southern California and the South County submarket, and I knew they would make sure that 101 Columbia would get a look from every potential tenant. Stream surpassed all of our expectations.”