Saddleback Financial Center sold

Orange County asset commands big price

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Saddleback Financial Center in Laguna Hills, Calif., recently sold for $20.5 million. Glenborough Realty Trust purchased the 72,980-square-foot medical and professional office building from Mammoth Equities LLC. Located at 24012 Calle De La Plata, the four-story building shares a six-story parking structure with a neighboring property. At the time of sale, the asset was 92 percent leased to 27 tenants, including California Bank & Trust, Laguna Hills Therapy and Superior Vision Services. ...