Mission Ridge office complex sells at a loss for $32M in Mission Viejo

Mission Ridge office complex sells at a loss for $32M in Mission Viejo

The owner of Mission Ridge office complex in Mission Viejo sold the property March 12 for $32 million, taking a loss on the property it bought for nearly $55 million in 2013. Barker Pacific Group and Kingsbarn Realty Capital bought the property from the investment firm Barings in El Segundo. The complex was 55% leased at the time of the transaction, according to CBRE. Mission Ridge has 232,000 square feet of leasable space in two, four-story off…

Barker Pacific Partnership Adds Mission Viejo Offices

CBRE negotiated the $32-million sale of Mission Ridge, a twin multi-tenant, four-story office building located at 27101 and 27201 Puerta Real in Mission Viejo, to Barker Pacific Group and Kingsbarn Realty Capital. A CBRE Investment Properties team of Sean Sullivan, Todd Tydlaska, Anthony DeLorenzo, Sammy Cemo, Bryan Johnson and Grant Goldman represented the institutional seller. “We were privileged to handle this sale and pleased that we could i…

Barker Pacific Group, Kingsbarn Realty Capital Buy Mission Ridge Office Property in California for $32M

MISSION VIEJO, CALIF. — Barker Pacific Group and Kingsbarn Realty Capital have acquired Mission Ridge, two four-story office buildings in Mission Viejo, from Barings for $32 million. Situated on 10.2 acres at 27101 and 27201 Puerta Real, Mission Ridge offers 233,531 square feet of multi-tenant office space. The property was originally built in the early 2000s and renovated in 2021. Renovations include new lobbies, refreshed restrooms, a new conf…

Mission Viejo Office Campus Sold for $32 Million - Orange County Business Journal

Mission Ridge, a pair of four-floor office buildings in Mission Viejo, was sold for $32 million, the Business Journal has confirmed. Barker Pacific Group and Kingsbarn Realty Capital were the buyers, according to CBRE, who helped broker the sale. The buyer was not disclosed. CoStar data shows Barings bought the property from The Prudential Insurance Co. for nearly $55 million in August 2013. Mission Ridge, located at 27101 and 27201 Puerta Real …