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Executive Summary

Lee & Associates is pleased to offer fee simple ownership in the 27462 Portola Parkway (the
“Property”) in Foothill Ranch, CA. Medical office assets in Orange County continue to draw
significant user and investor interest due to lack of suitable inventory and low interest rates
This asset benefits by its strategic proximity between the Irvine Spectrum, South Orange
County and the toll roads that provide access to North Orange County and the Inland
Empire. The property is located just off Bake Parkway, which is the main thoroughfare that
connects Irvine to Foothill Ranch.
The existing owner has owned and managed the property for 15 years. He currently occupies
the downstairs main suite with his medical practice. The rest of the downstairs is occupied
by a long term surgery center. Upstairs, there are a variety of tenants and tenant spaces.
There are two unique opportunities with this asset. Firstly, the property can be sold to
a high net worth investor who is looking for long term wealth accumulation. This can be
achieved by managing the rent roll, marketing lease rates to market upon lease expirations
to maximize net operating income and overall value. At that time, the investor can refinance
out their down payment and reinvest within additional investment property.
The second opportunity with this asset is to that the owner can vacant the 3,925 SF downstairs
suite and make it available for an owner user. This will allow the owner of a medical practice
to be able to take advantage of historically low interest rates to purchase their medical office
building with room for expansion. This also allows the medical practice owner to have their
real estate debt paid down by the current tenants triple net leases.
This is one of the only medical properties available in South County of its size and construction
type and will be for years to come is virtually no development pipeline for these type of
properties. This ensures there is a future high barrier to entry which will maximize your long
term value.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
20,127 SF
Building Class
B
Year Built
2000
Price
$12,000,000
Price Per SF
$596.21
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,064 SF
Slab To Slab
11’
Building FAR
0.27
Lot Size
1.69 AC
Zoning
PC - Planned Community
Parking
105 Spaces (5.23 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Health Care and Social Assistance
  • 1,000 SF
  • -
  • -

Aava Dental is a privately held dental care organization headquartered in Irvine, California. Founded in 2002, the company offers a comprehensive range of dental services, including general, cosmetic, and emergency care, as well as preventative and restorative treatments. Its service portfolio encompasses procedures such as dental implants, fillings, root canals, and orthodontic solutions like braces. Aava Dental emphasizes the use of modern technology and personalized treatment plans to address patient needs across multiple locations in Southern California. The organization operates as a multi-specialty group practice, ensuring access to various dental specialties under one roof. Over the years, Aava Dental has expanded its presence to serve diverse communities, maintaining a focus on quality care and patient comfort. The company remains privately owned and continues to provide services aligned with industry standards for oral health care.

  • Foothill Medical Facilities, Llc
  • Health Care and Social Assistance
  • 3,500 SF
  • -
  • -
  • Health Care and Social Assistance
  • 3,000 SF
  • -
  • -

Prime Surgical Center of Foothill Ranch is a state-of-the-art ambulatory surgical facility dedicated to delivering high-quality outpatient surgical care. Established in 2014, the center offers a safe, comfortable environment for patients requiring same-day surgical procedures across multiple specialties. With a focus on patient safety, efficiency, and personalized care, Prime Surgical Center combines advanced technology with a team of experienced healthcare professionals. The facility operates under strict compliance standards and is committed to providing exceptional surgical outcomes for the Orange County community.

  • Health Care and Social Assistance
  • 3,500 SF
  • -
  • -

Silhouette Plastic Surgery Institute was established by Dr. Hootan Daneshmand, a board-certified plastic surgeon. The company provides various surgical and non-surgical cosmetic procedures, including breast augmentations, tummy tucks, liposuction, facelifts, and rhinoplasty. Silhouette serves clients throughout Southern California with multiple locations and focuses on personalized care utilizing advanced techniques in aesthetic medicine.

Tenant Industry SF Occupied Rent/SF Lease End
Health Care and Social Assistance 1,000 SF - -
Foothill Medical Facilities, Llc Health Care and Social Assistance 3,500 SF - -
Health Care and Social Assistance 3,000 SF - -
Health Care and Social Assistance 3,500 SF - -

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Fl-Ste 100
  • 6,389 SF
  • Office/Medical
  • Full Build-Out
  • 30 Days

Suite 100: ±6,389 SF medical office suite • Former surgery center • Practice can be purchased as well • Located in prestigious community of Foothill Ranch • 5.23:1000 parking ratio • Professionally managed building • Building designed to accommodate a wide range of medical specialties • Immediate toll road access • Restaurants within business park

Space Size Space Use Build-Out Available
1st Fl-Ste 100 6,389 SF Office/Medical Full Build-Out 30 Days

1st Fl-Ste 100

Size
6,389 SF
Space Use
Office/Medical
Build-Out
Full Build-Out
Available
30 Days

1st Fl-Ste 100

Size 6,389 SF
Space Use Office/Medical
Build-Out Full Build-Out
Available 30 Days

Suite 100: ±6,389 SF medical office suite • Former surgery center • Practice can be purchased as well • Located in prestigious community of Foothill Ranch • 5.23:1000 parking ratio • Professionally managed building • Building designed to accommodate a wide range of medical specialties • Immediate toll road access • Restaurants within business park

Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
612-181-09
Land Assessment
$2,501,757
Improvements Assessment
$4,190,994
Total Assessment
$6,692,751
  • Listing ID: 22657239

  • Date on Market: 4/6/2021

  • Last Updated:

  • Address: 27462 Portola Pky, Foothill Ranch, CA 92610

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