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7/28/20
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Sovereign Lending Group Inc paid $5.1 mil for a 23.1k sf ($221/sf) office building in Costa Mesa. The property, located at 3545 Howard Way, west of Harbor Blvd on the north side of I-405, was sold by Davies-Torrance Trust.
The two-story office building, built in 1986, is currently vacant. The buyer intends to convert the property into traditional office space and occupy the building. Sovereign Lending Group also owns 3540 Howard Way.
Allen Basso of Lee & Associates Irvine represented the buyer in the deal. Eric Tse of Kidder Mathews repped the seller.
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