CBC ADVISORS ANNOUNCES $4 MILLION SALE OF SINGLE TENANT BUILDING IN HISTORIC ORANGE CIRCLE, ORANGE, CA
(Irvine, CA, 9/7/2016) – Scott Hook of CBC Advisors Orange County has arranged the sale of a single tenant building located in the historic Orange Circle of Orange, CA. The two-story building sold for $4 Million, equating to a 4.6% cap rate and $544 per square foot. A local private investor purchased the 7,350 square-foot property.
The property is located near the historic Orange Circle location, adjacent to Wells Fargo. Scott Hook represented both the seller and buyer in the transaction.
Scott Hook, Executive Vice President, is currently the top producing agent in Southern California for Coldwell Banker Commercial Advisors and a leading expert in the sale of retail properties. Mr. Hook has a billion-dollar track record and thirty years of commercial real estate experience, having exclusively listed and sold numerous multi-tenant shopping centers as well as single tenant triple net leased investments throughout his career. He has brokered over $1 billion in transactions. Mr. Hook’s most notable recent transactions were: The Plaza at Gordon Ranch in Lakewood, Rite Aid in Murrieta, Smart & Final Extra! in Sacramento and San Marcos, United Oil in Corona Del Mar, Shoppes at Wildomar – (7-Eleven, Starbucks, plus shops), (2) IHOP restaurants in Los Angeles and Huntington Beach, La Paz Gateway Center in Mission Viejo, Orange Circle Redevelopment in Orange, and numerous single tenant properties throughout Southern California.
Coldwell Banker Commercial Advisors
Coldwell Banker Commercial Advisors (CBC Advisors) has maintained its designation as the top-performing Coldwell Banker Commercial affiliate in the world for 13 consecutive years. With over 450 professionals in 29 offices spanning New York to Los Angeles and from Miami to Anchorage, CBC Advisors provides the most technologically advanced and dynamic platform in the industry. For more information, visit www.cbcadvisors.com.
Coldwell Banker Commercial Affiliates
Coldwell Banker Commercial® is a registered trademark licensed to Coldwell Banker Real Estate Corporation. Since 1906, the Coldwell Banker Commercial brand has been a premier provider of real estate, recognized globally as a company that puts the client first while delivering individual, distinctly different service. Coldwell Banker Commercial affiliates cover territory throughout North America, South America, Europe, Africa, Asia and Australia. Coldwell Banker Commercial is an industry leader in providing commercial real estate solutions that serve the needs of tenants, landlords, sellers and buyers in the leasing, acquisition, disposition and management of all property types. Each office is independently owned and operated. For more information, visit: www.cbcworldwide.com.