The 634,000-square-foot office and research campus is owned by Invesco Ltd. and SteelWave LLC.<\/p>\n
Also see:\u00a0Anduril CEO says he\u2019s open to building weapons hub outside of US<\/a><\/p>\n Anduril occupies the entire complex as its headquarters, with 13 years remaining on its lease, according to marketing materials from Eastdil Secured, which is handling the listing.<\/p>\n An asking price wasn\u2019t disclosed. But the property\u2019s value is likely around $400 million based on a $251 million mortgage that Invesco and SteelWave obtained from a Pacific Investment Management Co. real estate fund in September, according to property records.<\/p>\n Commercial real estate loans typically cover roughly 65% of a property\u2019s value.<\/p>\n Representatives for Invesco, SteelWave, Pimco and Eastdil declined to comment.<\/p>\n The buyer will likely be a large US or foreign institutional fund, according to Marty Pupil, executive managing director of Stream Realty Partners in Irvine, California.<\/p>\n \u201cThis type of investment is more a reflection on Anduril as opposed to the market given the longevity of the lease,\u201d Pupil said in an email. \u201cIt is a very unique sale as it is 100% occupied and Anduril has very good credit and long-term credit with the federal government.\u201d<\/p>\n The offering comes as Southern California has emerged as one of the country\u2019s fastest-growing centers for defense technology companies, fueled by rising federal spending and evolving weapons strategies since the conflicts in Ukraine and Iran. That growth has made the sector a bright spot in a regional economy weighed down by weakness in Hollywood and other industries.<\/p>\n Venture capital investment in US defense technology startups reached $11.4 billion from the start of the year through mid-June, more than double the $4.6 billion invested during the same period last year, according to PitchBook. Anduril alone raised $7.5 billion over the past year.<\/p>\n Founded in 2017, Anduril develops aerial drones<\/a>, surveillance networks and autonomous underwater systems using artificial intelligence technology. The company was valued at $61 billion in a funding round completed in May led by Thrive Capital and Andreessen Horowitz.<\/p>\n Anduril has been expanding its manufacturing capacity, announcing plans in January for a $1 billion production facility in Long Beach<\/a> while building a 5 million-square-foot industrial park in Ohio<\/a> for combat aircraft production.<\/p>\n The Costa Mesa property, a former Los Angeles Times printing plant, was acquired by Invesco and SteelWave for $65 million in 2017 and underwent extensive renovations that were completed in 2023.<\/p>\n The most expensive Southern California office sale this year was the $210 million sale of the Bank of America Plaza in Los Angeles, which closed this month, according to brokerage Colliers International Group.<\/p>\n![\"The](\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/06\/OCR-Z-ANDURIL-CAMPUS-0628-2.jpg\")
The Costa Mesa office campus leased to Anduril Industries is for sale in a deal that could be worth about $400 million, potentially making it the region\u2019s largest transaction this year. The 634,000-square-foot office and research campus is owned by Invesco Ltd. and SteelWave LLC. (Courtesy of Invesco and SteelWave)<\/p>\n","protected":false},"excerpt":{"rendered":"By John Gittelsohn | Bloomberg The Costa Mesa office campus leased to defense technology company Anduril Industries is…\n","protected":false},"author":2,"featured_media":375109,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[387,7,9,8,3010,3372,1011,100,611,136],"class_list":["post-375108","post","type-post","status-publish","format-standard","has-post-thumbnail","category-california","tag-business","tag-california","tag-california-headlines","tag-california-news","tag-commercial-real-estate","tag-costa-mesa","tag-housing","tag-news","tag-orange-county","tag-top-stories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/375108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=375108"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/375108\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/375109"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=375108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=375108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=375108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}