MISSION VIEJO, CALIF. — Avison Young has brokered the sale of HighPark Corporate Center, a 37,579-square-foot office building in Mission Viejo, for $6.7 million. Built in 1986, the two-story, Class A structure is situated on nearly two acres at 23351-23361 Madero, within the 112-acre, master-planned HighPark business park. The property was 93 percent leased at the time of the sale, and Holt Integrated Circuits was the largest tenant, occupying 58 percent of the facility. Dan Vittone and Alan Pekarcik of Avison Young, along with Trent Walker of Voit Real Estate services, represented the seller, Madero LLC & Wyocal LLC. Bratun Real Estate represented the buyer, CK HighPark LLC, which completed a 1031 tax-deferred exchange. The sales price reflects a cap rate of 7.25 percent.
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