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ALISO VIEJO, CA-A private investor has paid $203 per sf for a 20,232-sf class B office building at 12 Journey in Aliso Viejo. Buyer Kevin Orton acquired the building for $4.1 million, or a 9.8% cap rate based on the current rent revenue.

Orton was represented by a CB Richard Ellis brokerage team consisting of Mark Larson, Gary Stache and Robert Davis. The same team acted on behalf of the seller, Pacific Park Executive.

Another investment acquisition involving Orange County office product recently occurred in Anaheim. In that deal, Newport Beach-based WLA Investments paid $3.6 million for a 93% leased office facility. Tenants in the two-story, 38,986-sf building consist mainly of service-related companies, including engineering and design firms. WLA, which both develops and invests in commercial real estate, procured the facility from Leaverton-Rowland Associates. The building is located at 1290 N. Hancock St.

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