IRVINE, Calif., June 27, 2017 /PRNewswire/ — Stream Realty Partners, (Stream), a national real estate services, development and investment firm, sold 555 N Park Center in Santa Ana. The multi-tenant office building sold to Gold Acceptance who will occupy a portion of the 24,737 square foot building as an owner/user.
“The property provides a unique opportunity for Gold Acceptance to acquire a building with leases in place, house their workforce with the ability to grow within the project, add real estate to their portfolio, and to gain the tax advantages of owning real estate,” said Stream’s Mike Adams, vice president, who sold the Santa Ana office property on behalf of the ownership.
555 N Park Center was renovated by ownership in 2016 to meet tenant demands uncovered in the marketplace. These high in-demand renovations included a new standing seam metal roof, exterior paint, new entry with stained wood slats, smooth coat stucco, drought-tolerant landscaping and corridor renovations. The building set the year-to-date high comp for a Class B office building in Santa Ana from 15,000 to 30,000 square feet.