The Saddleback property, which is a four-story building that was92% occupied at the time of the sale, is located at 24012 Calle DeLa Plata. It is close to Saddleback Medical Center, Laguna HillsMall, the Irvine Spectrum Retail Center and Mission Viejo Mall.

Buyer Glenborough is a former publicly held REIT that became aprivate real estate investment and management company specializingin office properties. Both Glenborough and Mammoth Equities wererepresented by Vittone and fellow Voit broker Alan Pekarcik, withSimon Dillon of CB Richard Ellis assisting Voit in the marketing ofthe property.

Built in 1982, the Saddleback Financial Center is located at theintersection of Paseo de Valencia and Calle de la Plata, close toInterstate 5 as well as a host of other businesses, retail centersand medical facilities. The building comes with 295 parking spaceswithin an adjacent six-level parking structure that is shared withthe Saddleback Valley Medical Center.