Hampton Tedder Electric Acquires Class A Office In Orange For $17.9M

The sale involved a 98,907-square-foot Class A office building located at 999 West Town and Country Road in Orange, California. The property was sold for $17,900,000, translating to a price per square foot of $181. The building sits on 2.82 acres of land and was acquired by Hampton Tedder Electric from Sagard. Newmark represented both parties in this transaction, indicating a successful sale in the Orange market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $17,900,000
• Market: Orange
• Buyer: Hampton Tedder Electric
• Seller: Sagard
• Brokers: Brandon White, Ken White, Kevin Shannon & Paul Jones - Newmark

Hampton Tedder Electric, the buyer in this transaction, plans to occupy the top floor of the office building post-acquisition. The property, which is 84% leased, is strategically located near the Main Place Mall, emphasizing the demand for versatile properties in Central Orange County. The involvement of multiple brokers from Newmark highlights the collaborative effort that led to the successful sale of this prime office asset in Orange.