Franklin Square

— Santa Anna, CA

Stream becomes top selling office broker year to date with fastest time to sale in submarket (51 days).



  • 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


  • 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