Press Release brought to you by Lee & Associates

$20.5 Million Deal Closed by the Office Advisory Group with Lee & Associates in Orange

02/23/2016
Marshal Vogt and Jaimeson Hearne of the Lee & Associates – Orange office, successfully negotiated and closed a sale of the 111,268 square foot Wells Fargo Building located at 2700 N. Main Street in Santa Ana. The sale price was $20,500,000 or $184.24 per square foot, and Marshal and Jaimeson represented both sides during this off-market transaction. The seller was House of Sportsmen, Inc., and the buyer was PRES Real Advisors, LLC.

The well-known 2700 N. Main is a 111,268 square-foot, 12-story office building adjacent to Santa Ana's Main Place Shopping Mall with immediate access and visibility from the 5 Freeway and close proximity to Orange County's famous Orange Crush where the 5/22/57 Freeways intersect.
The buyer plans to reposition the property to provide one of the most vibrant office environments in the Central Orange County market.

The Office Advisory Group (www.officeadvisorygroup.com) has over 20 years combined experience assisting landlords and tenants with their real estate requirements throughout Orange County and the surrounding areas. They are Dedicated, Honest and Professional.

Lee & Associates Commercial Real Estate Services, Inc., is one of the largest national commercial real estate service providers with regional expertise.

LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES, INC. - ORANGE

Marshal Vogt / Jaimeson Hearne
714-647-9100
02/23/2016 - 05:00

Source

Lee & Associates

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