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2020 East 1st Street

Updated May 12, 2025

Meritage Homes Acquires Office Building From Paul Miszkowicz For $19.2 Million In Santa Ana
SOLDOffice

Meritage Homes Acquires Office Building From Paul Miszkowicz For $19.2 Million In Santa Ana

2020 East 1st Street

$19,200,000

$172/SF

Building Size

111,483 SF

Asset Type

Office

Closing

Apr 29, 2025

About this deal

AI

The asset involved in the transaction is an office building located at 2020 East 1st Street in the Santa Ana market. The sale price for the property was $19,200,000, covering a total square footage of 111,483, which equates to a price per square foot of $172.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $19,200,000
  • Address: 2020 East 1st Street
  • Market: Santa Ana
  • Square Footage: 111,483
  • Price per Square Foot: $172
  • Buyer: Meritage Homes
  • Seller: Paul Miszkowicz - Harbor Associates
  • Brokers: Greg Sullivan & Anthony DeLorenzo - CBRE

The transaction involved key contributors such as the buyer, Meritage Homes, and the seller, Paul Miszkowicz representing Harbor Associates. The brokers facilitating the deal were Greg Sullivan and Anthony DeLorenzo from CBRE. Notably, prior to the sale, Harbor Associates secured entitlements for converting the office building into residential use.

On the Map

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$19,200,000

$172/SF

Office

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Players

Anthony DeLorenzo

CBRE

Broker

$2.1B

vol

126 deals

Broker
MH
Meritage HomesBuyer
Paul Miszkowicz

Paul Miszkowicz

Harbor Associates

Seller

$155.2M

vol

6 deals

Seller
Bilt advertisement

Santa Ana Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $172 per square foot on a published $19.2M for 111,483 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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