Santa Ana Opportunity Zone Office Building Trades for $97M

The Pacific Center in Santa Ana has traded hands for $97.5 million. A joint venture between PCCP and Brookhollow sold the property to Drawbridge Realty. The property is located in an opportunity zone and is 85% leased.

Located in the Airport Areas submarket of Orange County at 1600 and 1610 East Saint Andrew Place in Santa Ana, CA., Pacific Center is a two-building, 390,600 square-foot office campus. It underwent an extensive $3.5 million renovation in 2017.

NKF’s executive managing director Paul Jones, co-head of U.S. capital markets Kevin Shannon, executive managing director Brunson Howard, managing director Blake Bokosky and senior associate Brandon White represented the seller in the deal.