Updated Sep 1, 2025
Ares Asset Management Acquires Santa Ana Office Building On Hutton Centre Drive For $24.9M
4 Hutton Centre Drive, Santa Ana, California 92707, United States
$24,900,000
$114,746/SF
Building Size
217 SF
Asset Type
Office
Closing
Feb 3, 2023
About this deal
AI
Located in Santa Ana, the property at 4 Hutton Centre Drive has been sold in a closed transaction. The office building, spanning 217,000 square feet, was acquired by Ares Asset Management. The seller of the property was LaSalle Investment Management, with Mark Gabbay representing the company in the deal. Newmark served as the broker for this transaction.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $24,900,000
- Date: 03/02/2023
- Address: 4 Hutton Centre Drive
- Market: Santa Ana
The purchase price for the property was $24,900,000, resulting in a price per square foot of $115. This transaction marked the successful transfer of ownership for the office asset located at 4 Hutton Centre Drive in Santa Ana.
Players
Santa Ana Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93