{"id":1004189396,"date":"2017-09-04T01:48:53","date_gmt":"2017-09-04T09:48:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004189396"},"modified":"2022-12-08T21:14:34","modified_gmt":"2022-12-09T05:14:34","slug":"drawbridge-snags-orange-county-rd-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/drawbridge-snags-orange-county-rd-asset\/","title":{"rendered":"Drawbridge Snags Orange County R&amp;D Asset"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004189397\" style=\"width: 363px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/26200-Enterprise-main.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004189397\" data-attachment-id=\"1004189397\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/drawbridge-snags-orange-county-rd-asset\/26200-enterprise-main\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/26200-Enterprise-main.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;11&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark III&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1491749477&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;17&quot;,&quot;iso&quot;:&quot;500&quot;,&quot;shutter_speed&quot;:&quot;0.0015625&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"26200 Enterprise Way\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;26200 Enterprise Way&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/26200-Enterprise-main.jpg?w=800\" class=\"wp-image-1004189397 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/26200-Enterprise-main.jpg\" alt=\"26200 Enterprise Way\" width=\"353\" height=\"274\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/26200-Enterprise-main.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/26200-Enterprise-main.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/26200-Enterprise-main.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 353px) 100vw, 353px\" \/><\/a><p id=\"caption-attachment-1004189397\" class=\"wp-caption-text\">26200 Enterprise Way<\/p><\/div>\n<p>Baring Real Estate Advisers\u00a0disposed of a\u00a0fully leased Class A office\/R&amp;D building in Lake Forest, Calif. Drawbridge Realty purchased the single-tenant net lease asset.\u00a0\u00a0<\/p>\n<p>Located at 26200 Enterprise Way in the Pacific Commercentre, a sought-after master-planned business park, the 144,906-square-foot building comprises two stories and features large floor plates with flexible configurations and ample surface parking.\u00a0Since its construction in 2000, Panasonic Avionics Corp. has called the property its headquarters, as part of its 18-acre, seven-building, 500,000-square-foot global HQ\u00a0campus in Lake Forest.<\/p>\n<p>Jeffrey Cole, Ed Hernandez and Nico Napolitano of Cushman &amp; Wakefield&#8217;s Capital Markets team represented the seller, with John Harty providing local market advisory. \u00a0\u00a0<\/p>\n<h2>OC Industrial Demand<\/h2>\n<p><em>\u201cThe stability of this high-profile credit tenant investment property is augmented by its location in Orange County, which has reached its lowest vacancy in a decade and the second highest average asking rent in 10 years,&#8221;<\/em> said Cole, in prepared remarks. <em>&#8220;These <a href=\"https:\/\/www.commercialsearch.com\/news\/nai-seals-ocs-largest-single-tenant-deal-in-25-years\/\">strong market fundamentals<\/a> combined with an advantageous financial profile, high-quality construction, and a desirable credit tenancy created an outstanding investment opportunity in Southern California.\u201d<\/em><\/p>\n<p>According to Cushman &amp; Wakefield\u2019s latest market reports, South Orange County displayed an overall office vacancy of just 6.3 percent in the second quarter of 2017, the lowest of any sub-county office market, while its R&amp;D\/flex inventory commanded a mere 1.6 percent vacancy rate at midyear.<\/p>\n<p><em>Image courtesy of Cushman &amp; Wakefield<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cushman &amp; Wakefield&#8217;s Capital Markets team represented the seller, Baring Real Estate Advisers, in the transaction. The building has served as Panasonic Avionics&#8217; headquarters since 2000. <\/p>\n","protected":false},"author":746,"featured_media":1004189397,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,21747,34267,15],"tags":[32799,37444,33111],"class_list":["post-1004189396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-office","category-orange-county","category-west","tag-cushman-wakefield","tag-drawbridge-realty","tag-panasonic"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Drawbridge Snags Orange County R&amp;D Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/drawbridge-snags-orange-county-rd-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Drawbridge Snags Orange County R&amp;D Asset\" \/>\n<meta property=\"og:description\" content=\"Cushman &amp; Wakefield&#039;s Capital Markets team represented the seller, Baring Real Estate Advisers, in the transaction. 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She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. 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