Tireco Inc. Acquires 3 Hutton Centre Drive Office Building In Santa Ana For $28.9M

The 10-story office building located at 3 Hutton Centre Drive in Santa Ana, California has been sold. The sale was brokered by CBRE and the property was purchased by an entity linked to Tireco Inc. for a total of $28.9 million. This Class A office asset is situated on a 2.47-acre plot and is located in Orange County's mixed-use community. It currently has a 62.2% occupancy rate.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $28,900,000
• Address: 3 Hutton Centre Drive
• Market: Santa Ana
• Asset Type: Office
• Acres: 2.47

Cypress Office Properties sold the office building to the buyer, Tireco Inc. The sale was facilitated by CBRE brokers Anthony DeLorenzo, Bryan Johnson, Matt Pourcho, Nick Williams, and Sammy Cemo. This transaction represents a notable acquisition in Santa Ana's office market.