SANA ANA, CA – August 26, 2014 – (RealEstateRama) — 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 of 105,199 SF office property located at 901 Civic Center Drive in Santa Ana, CA to the Buyer, BW America Development, LLC. The value of the sales transaction was $12,018,000 Million dollars.
Tom Nguyen notes, “The listing had some challenges – the biggest one being that it was only 8.24% occupied at the time of sale. Our ability to reach out to domestic and foreign markets helped us find the right Buyer for this property. The group that offered the best price and terms was a Chinese based investment firm. They are going to occupy one floor and lease out the remaining floors.”
The Civic Center Professional Building is a four-story ±105,199 SF 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 property has an adjacent private 4-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.
About NAI Capital
NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California member of NAI Global, a premier real estate service network in 55 countries with 375 local offices and 6,700 local market leaders spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naicapital.com NAI Capital Brokerage BRE #00806840.
Contact: Sharon Fitzgerald, Public Relations, 818.742.1655 and