FOCUS: LAKE FOREST BUSINESS CENTER
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Lake Forest Business Center, at the interchange of the San Diego and Santa Ana freeways, consists of 28 one- and two-story buildings. The majority owner of the business park is Burnham USA Equities, which is selling the individual leased buildings to the investment community. The project, built in 1980, is 89% leased.
FACTS AND FIGURES
Address: 23661-23736 Birtcher Drive
Owner/Manager: Henry Durkee, Burnham USA Equities
Financing: Sanwa Bank
Number of floors: Single- and two-story
Square feet: 117,000
Use: Office
Value (land and building): $18 million
Percentage of buildings leased: 89%
Parking capacity: 470
Rental cost per square foot: $1.35
MAJOR TENANTS
Square feet
Professional Community Management: 9,408
Pekarek Crandell Inc.: 4,992
Westrend Homes: 3,856
American Realty Investments: 3,408
Source: Amies Marketing Inc.
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