Tomaselli represented the seller as part of a team that included fellow Voit brokers Mike Boomer and Mitch Zehner, who have sold 18 other buildings at the Brookhollow project. Ayzar Developments, which was represented by Cyrus Neek of Pacific Real Estate, is a real estate acquisition, design, construction management, marketing, leasing and property management company. The new Ayzar building is at 1506 Brookhollow and is occupied by five tenants.

The Brookhollow development is an office campus close to the John Wayne Airport, with on-site amenities including banking, child care, a café, a travel agency and overnight mail services. Adjacent amenities include numerous restaurants, hotels, retail and fast food services and other shopping, entertainment and dining.

The Voit brokers say that other selling points for the office park include its proximity to the 1,600-acre master-planned Tustin Legacy Development on the former Marine Corps Air Station in Tustin. In addition, Vestar is developing the District at Tustin Legacy project nearby, a 1.1-million-sf shopping and entertainment venue.

Voit sees upside potential for the new owner in light of current market rents of $1.75 per sf per month, full service gross, or about 6% greater than the in-place rent of $1.65 per sf per month at the property. In addition, new office developments in the market are commanding rents of more than $3.50 per sf per month.