Affiliate Plucks Another So. County Asset

LAKE FOREST, CA—GlobeSt.com learns EXCLUSIVELY that an affiliate of Menlo Equities LLC has purchased a 76,841-square-foot office asset here, following its recent acquisition of Campus South County in Foothill Ranch, CA.

By Carrie Rossenfeld | Updated on March 04, 2015

LAKE FOREST, CA—GlobeSt.com has learned exclusively that Bixby Land Co. has sold 26250 Enterprise, a 76,841-square-foot office building here, to an affiliate of Menlo Equities LLC. While the sale price was undisclosed, industry sources unrelated to the deal tell GlobeSt.com the amount was $14 million.

The property is a two-story, multi-tenant office building situated on 5 acres of land with immediate access to the 241 toll road and I-5 via Bake Pkwy. It is currently 87% leased to four tenants, and 50% of the space is occupied by Panasonic Avionics Corp.

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