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ALISO VIEJO, CA-Voit Development Co. has sold half of its 74,000-sf Liberty Plaza, a 30-unit project consisting of two buildings of condos ranging from 1,400 sf to 15,000 sf.

In the latest deal, a private investor paid $7.2 million for Building 6A, one of the two Liberty Plaza buildings that consists of nine condominium units totaling approximately 30,000 sf.

Chris Cussen, project manager for Voit says that most of the prospective buyers for the condos are owners of small and medium-sized businesses. Those that have bought condominiums thus far, for example, include an Irvine-based software development firm, a realty company, a commercial real estate developer and manager, a mortgage lending firm, a law firm and a consulting service for real estate investors.

The condos are being marketed by Chris Deason and Dave Alderman of the Irvine office of Voit Commercial Brokerage, who are representing Voit Development in the sales. In the $7.2-million sale of Building 6A that closed recently, the buyer was represented by Mark Jerue and Craig Fitterer of Lee & Associates.

Although the buyers at Liberty Plaza and other office condo projects typically are owner-users, the buyer of Building 6A is an investor who plans to either sell or lease the nine condos, Deason tells GlobeSt.com. The remaining building, Building 6B, totals approximately 44,000 sf, and the units remaining range from about 1,400 sf to 6,000 sf, according to Cussen.

The two Liberty Plaza buildings, both two-story concrete tilt-up structures, were constructed in 1990 and 2002 and occupy a campus setting. Before Voit renovated and converted the buildings, they were multi-tenant facilities that were occupied by tenants including Mavcomm, Refco and the Catholic Church.

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