The industrial asset involved in this transaction is the Grand Commerce Center, a six-building, multi-tenant small bay industrial project located at 600-650 S. Grand Avenue in Santa Ana, California. The transaction was completed at a sale price of $29,900,000, covering a total square footage of 101,676. The price per square foot for the property amounts to $294.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $29,900,000
• Address: 600-650 S. Grand Avenue
• Market: Santa Ana
• Buyer: Chris Dornin - Dornin Investment Group
• Broker: Joseph Czech - CBRE
• Financing: LoanCore arranged by Mike Walker of CBRE Capital Markets
• Dornin Investment Group was represented by Mark Nicoletti of Allen Matkins

Chris Dornin, representing Dornin Investment Group, specializes in distressed debt and value-add strategies, indicating the firm's strategic focus in real estate acquisitions. Joseph Czech of CBRE served as the transaction broker overseeing the deal.