May 17, 2016
San Francisco-based Drawbridge Realty acquired a 171,330-square-foot office/R&D building in Santa Ana, CA from Del Mar Partnership for $37 million. The three-story, Class A building, located at 1700 E Saint Andrew Pl., is 100% leased to Abbott Medical Optics.
CBRE’s Louay Alsadek, Chip Wright and Ross Bourne, along with Newmark Grubb Knight Frank’s Paul Jones and Blake Bosky, represented the seller, a private real estate investor. Drawbridge Realty represented itself.
“The building’s location, high-quality finishes and improvements, combined with the investment-grade tenant’s commitment to the property, attracted a substantial pool of buyers,” Alsadek said.