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SANTA ANA, CA-An LLC has snatched up Orangewood Business Center in a deal valued at $13.3 million.

The multi-tenant industrial park is located at 1701 E. Edinger Ave. in Santa Ana. It has excellent street frontage and is easily accessible from the 55 Freeway, according to Vincent Von der Ahe, managing member of buyer VDAP Properties LLC. In addition, a new Home Depot across the street from the complex has increased traffic here, “making the park an even more desirable place in which to locate,” Von der Ahe adds.

Encompassing 185,401 sf, the property is 90% occupied. Tenants here include Fiber U.S.A., Kimco Staffing, Creative Solutions GP, Progressive Floor Covering and Techline Studio.

VDAP Properties LLC was represented by a Voit Commercial Brokerage team consisting of Rob Socci, Louis Tomaselli and Mitch Zehner. The three brokers, who are all based in the firm’s Anaheim Metro office, also acted on behalf of the seller, CB Richard Ellis Investors LLC.

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