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8/26/14
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A 105.2k sf office property in Santa Ana sold for just over $12 mil ($114/sf). The property, located at 901 Civic Center Dr, was purchased by BW America Development, LLC.
The property, Civic Center Professional Building is a four-story, atrium-style building with window-lined offices. It is located in the heart of Orange County’s Civic Center area and is within walking distance to the Orange County Court House, City Hall and State and Federal Buildings.
The building has an adjacent, private four-story parking garage, easing parking in a difficult parking district. It is conveniently located with easy access to I-5 and State Route 22 Freeways.
Tom Nguyen, EVP with Orange County office and founding member of NAI Capital’s Asia Pacific Group, represented the seller, Civic Center Professional Building Inc, in the sale. According to Nguyen, the listing had some challenges - the biggest one being that it was only 8.24% occupied at the time of sale.
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