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1700 East Saint Andrew Place

The County Of Orange Leases 70,000 SF Office Space In Santa Ana From Drawbridge Realty
LEASEDOffice

The County Of Orange Leases 70,000 SF Office Space In Santa Ana From Drawbridge Realty

1700 East Saint Andrew Place

Building Size

70,000 SF

Asset Type

Office

Closing

Feb 12, 2024

AI

The County of Orange has leased approximately 70,000 square feet at 1700 E. St Andrew Pl. in Santa Ana from Drawbridge Realty. The lease terms were undisclosed, with Drawbridge Realty's managing director, Mike Embree, expressing satisfaction with the deal and anticipation for the County's occupancy following interior improvements.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Square Footage: 70,000
  • Address: 1700 East Saint Andrew Place, Santa Ana
  • Market: Santa Ana
  • Landlord: Mike Embree - Drawbridge Realty
  • Tenant: The County of Orange
  • Landlord's Rep: Chip Wright & Ross Bourne - CBRE
  • Tenant's Rep: Joe Bevan & Wade Clark - JLL

The lease agreement was facilitated by the landlord's representatives, Chip Wright and Ross Bourne from CBRE, and the tenant's representatives, Joe Bevan and Wade Clark from JLL.

Players

Joe Bevan

JLL

Broker

2 deals

Broker

Santa Ana Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93