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
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.
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