SANTA ANA, CA- Orange County investor John Hanna has paid about $7 million for a fully leased, 41,481-sf office building inside the Irvine Business Complex here.

Ted Carpenter and Michael Carpenter of Carpenter & Associates, Newport Beach, represented both the Dana Point-based buyer and the seller, the Hamilton Co. of Newport Beach. The two-story building, at 2540 Red Hill Ave., is occupied by Fidelity National Title Co. on a long-term lease.

“Well-located office buildings with long-term leases are difficult to find in Orange County,” Ted Carpenter says, adding that the shutdown of the nearby Tustin Air Base could trigger a boom in both commercial and residential development in the area.

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