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Investors Buy 49,915-SF Office Property

LAKE FOREST, CA-The site has been acquired for $8.5 million by The Ezralow Cos.

By Erin Cassin | Updated on September 15, 2001

LAKE FOREST, CA-A 49,915-sf office property in Lake Forest has been acquired by an investment group. The facility has been sold for $8.5 million, with a 9.2% cap rate.

Built in 1999, the building stands on a 452,153-sf parcel at 26000 Commercecentre Dr. Locally-based construction company ARB Inc. occupies the facility, which has a 5 to 1 parking ratio.

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