Irvine, Calif. (January 28, 2019) – Stream Realty Partners (Stream), a full-service national real estate investment, development and services company, is pleased to announce the sale of 8185 East Kaiser Boulevard, a 14,899-square-foot, two-story office building in Anaheim Hills.
Stream’s Mike Adams, senior vice president and Scott Bellizzi, vice president, marketed the property on behalf of the owner and Adams procured the buyer, Quantum Electronic Payments, LLC. This location will serve as Quantum Electronic Payments, LLC’s regional headquarters.
“The regional headquarters will enable us to be centrally located to service our Orange County, Los Angeles, and Inland Empire clients,” said Jerry Lai, President of Quantum Electronic Payments, LLC. “Our new modernized office environment promotes a healthy and productive workplace which will enable us to recruit and retain top talent from the growing Riverside and Orange County areas. This headquarters will support the goals and continued growth of Quantum Electronic Payments, LLC, as we strive to provide 100 plus jobs to the surrounding areas, by the end of 2019.”
“8185 East Kaiser was one of five office transactions in the Anaheim Hills submarket that has traded in the last twelve months,” said Bellizzi. “The seller had a twenty-day escrow period and only two weeks downtime before a successful close.”
“We are seeing business owners continue to bet on themselves by adding real estate to their portfolio because of tax advantages and appreciating values as the market improves,” said Adams. “Real estate gives them protection from increasing future lease rates and flexibility in size.”
The purchase of 8185 East Kaiser is the third transaction Stream has completed with an owner/user buyer in the last three months. Adams recently represented two buyers in Newport Beach, Bob’s Watches for a 10,000-square-foot facility, and Pace Recovery in the purchase of a 7,500-square-foot building.