Orange County Transit Authority Acquires Office Building From The Muller Company For $54.5M

The transaction involves the sale of an office property located at 2677 North Main Street in Santa Ana, California. The sale price was $54,500,000 for a building that encompasses approximately 220,452 square feet, resulting in a price per square foot of $247.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $54,500,000
• Address: 2677 North Main Street
• Market: Santa Ana
• Square Footage: 220,452
• Price Per Square Foot: $247
• Buyer: Orange County Transit Authority
• Seller: The Muller Company
• Seller's Representatives: Taylor Friend, Peter Wells & Justin Hill - CBRE

The Orange County Transit Authority will utilize the property as their new headquarters, with the building less than a mile from their current leased location. The board approved this acquisition in August 2024. The CBRE team consisting of Wells, Friend, and Hill represented The Muller Company during the transaction process.