Coldwell Banker Commercial of the Irvine Office Announces $3.25 Million Sale Of An 18,208 SF Building
(Irvine, CA, 4/15/16) – Coldwell Banker Commercial of Orange County has announced the sale of a two-story office building in the City of Costa Mesa, CA. The 18,208 square foot building sold for $3,250,000 to Good Neighbors USA, an international non-profit humanitarian organization. Michael R. Dorsey, Managing Principal of the Coldwell Banker Commercial office in Irvine, brokered the transaction.
“This transaction is another great example of the high demand for owner/user, mid-size office buildings in and around the airport area,” stated Michael R. Dorsey, Managing Principal for the Coldwell Banker Commercial office in Irvine. “The Cadillac building acquisition provides the buyer with a well located, recently renovated office building with excellent access to the I-405 Freeway and an unmatched amenity base,” Dorsey added.
The buyer plans on occupying a portion of the office building and leasing out the rest. Mr. Dorsey will continue to serve as the exclusive leasing agent for the building. The Cadillac building offers up to 16,000 square feet of contiguous floor area at a competitive lease rate of $1.40 modified gross. For leasing information please call (949) 954-3737.
About Coldwell Banker Commercial (CBC) Alliance
Coldwell Banker Commercial Alliance is a national commercial real estate brokerage company headquartered in New York City, dedicated to serving private investors, owners, and small/mid-cap corporate users of real estate. The firm currently has offices in New York, Los Angeles and Orange County, Calif., Dallas, Miami, and Denver, 150 professionals, $800 million in closed transaction value and over six million square feet under management. The company is also an independently owned and operated affiliate of the international Coldwell Banker Commercial® organization and one of the top offices in the firm’s global network of over 200 offices and 3,000 brokers.
CBC Alliance was founded by Waterfall Asset Management (Waterfall), an investment manager with approximately $3.0 billion in client assets under management. Waterfall has also acquired more than $1 billion of small-balance commercial loans nationally for its clients.
About 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.