Franklin Square

Stream Southern California
Landlord Representation
1600 E 14th Street
Santa Ana, CA 92701
Stream becomes top selling office broker year to date with fastest time to sale in submarket (51 days).
  • Situation

    • Stream becomes top-selling office broker year to date with the fastest time to sale in submarket (51 days).
    • 13,961 RSF Class B office building located in Santa Ana
    • Building was 95% leased with lease rates 4.5% below the submarket
    • Building was located within an opportunity zone
  • Action

    • Increased occupancy from 95% to 100% in 20 days
    • Expanded an existing tenant and completed a short-term sale-leaseback for ownership while scaling back management operations
    • Created highly customized digital and print marketing materials inclusive of drone video tour to maximize exposure to buyers
    • Increased NOI by $15,000 generating higher offers from prospective buyers
    • Increased property value by $225,000 enabling portfolio sale


  • Within 5 days of being on the market, Stream had generated 3 offers creating a competitive sale environment that maximized asset value
  • Successfully negotiated a purchase and sale agreement within 2 weeks of being on the market
  • 1 of 5 transactions sold in the Santa Ana submarket in 2019
  • Recorded the lowest cap rate (6.5%) in the City of Santa Ana for office product below 20,000 RSF
  • No price reductions given for building deficiencies found during the inspection period
  • Building was put on the market June 10th and was closed by August 1st
  • With the transaction, Stream became the top-selling broker 2019 YTD in the Santa Ana submarket


Mike Adams
Managing Director
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