Updated Aug 3, 2026
Chris Dornin Of Dornin Investment Group Acquires Grand Commerce Center In Santa Ana For $29.9M
600 South Grand Avenue
$29,900,000
$294/SF
Building Size
101,676 SF
Asset Type
Industrial
Closing
Dec 22, 2025
About this deal
AI
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.
On the Map
$29,900,000
$294/SF
Industrial
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Players
Santa Ana Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93