Lee Garriott Acquires Industrial Asset From Kenneth Tan In Santa Ana For $4.31M

The asset involved in this closed transaction is an industrial property located at 501 South Santa Fe Street in the Santa Ana market. The sale was finalized at a price of $4,310,000, encompassing a total square footage of 9,580. The price per square foot is calculated at $449.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4,310,000
• Square Footage: 9,580
• Price per Square Foot: $449
• Buyer: Lee Garriott
• Seller: Kenneth Tan
• Buyer's Representative: Jaxson Maurer & Matt Kurz - West Coast Commercial Realty
• Seller's Representative: Todd Martens - Voit Real Estate Services

This transaction involved key individuals and companies in the real estate market. Jaxson Maurer and Matt Kurz represented the buyer, Lee Garriott, while Todd Martens acted on behalf of the seller, Kenneth Tan. Each representative is affiliated with their respective firms, facilitating the successful transfer of the industrial asset.