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
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