SANTA ANA, CA—Private commercial real estateinvestment firm CapRock PartnersLLC has sold out the remaining 14 units ofindustrial condominiums at its South CoastMetro Business Center here. The closing represents the endof a successful redevelopment project andmarketing campaign for thevalue-add project.

GlobeSt.com has learned that the entire hold period for theproperty was less than two years; renovations varied per unit, withsome units extensive and others minor; and an additional buildingon excess land here was also entitled. The firm would not revealconstruction costs to GlobeSt.com.

The center spans two buildings at 2834-2880 FairviewSt. at the intersection with Segerstrom Ave. Beforerenovations, the space totaled approximately75,000 square feet. The CapRock investment team tracked the assetfor three years before acquiring fee interest in the high-imageindustrial complex through a receivership sale in 2012.