May 12, 2017
Irvine, CA-based Kelemen Caamaño Investments divested 1921 E. Alton in Santa Ana CA for $18.5 million. The two-story office building was acquired by an undisclosed tenant in the building in an owner-user transaction.
Kelemen Caamaño Investments acquired the asset in 2015 as a value-add opportunity when the the property had a 20% vacancy. Subsequently, the leasing team has brought the building up to 100% leased with three tenants.
Built in 2000, the 67,846-square-foot office building is a part of the Alton Corporate Center business park, situated in the greater airport area at Red Hill Ave. and Alton Parkway.
Wind Water Realty’s Rob Rader and NGKF’s Scott Read represented Kelemen Caamaño in the sale. Real Tech’s Kim Josephson represented the buyer.
For comments, questions or concerns, please contact Dennis Kaiser