Baylard sells Lake Forest, California office town to Kingsbam Real Estate Capital for $ 40 million

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Palm Terrace Lake Forest California

The Bailard Real Estate Fund of Palm Terrace in Lake Forest, California includes 155,795 square feet of office space spread over three buildings.

LAKE LES, CALIF. – Bailard has completed the sale of the Bailard Real Estate Fund of Palm Terrace, an office town located in Lake Forest. Kingsbam Real Estate Capital acquired the asset for $ 40 million in an OTC transaction.

Located at 25521, 25531 and 25541 Commercentre Drive, the three-building campus includes 155,795 square feet of office space. At the time of the sale, 97 percent of the property was leased to a variety of tenants including Del Taco, PGM Holdings, Hometown Equity, Citadel Servicing and Anyone Home.

The house has been refurbished and features an outdoor communal area and courtyard, exposed slabs of flooring, plenty of natural light, large ground parking, building signage and energy-efficient lighting.

Kevin Shannon, Paul Jones, and Brandon White of Newmark represented the seller, and the buyer himself was represented in the deal.

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