Ramin Saghian And Danny Sooferian Acquire Orange Center Tower Office For $63.13M From Lincoln Property Company

The office asset sold is the Orange Center Tower, located at 500 North State College Blvd, Orange, CA. The property consists of 281,699 square feet on a 2.29-acre lot, and it has a sale price of $63,130,000, translating to a price per square foot of $224.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $63,130,000
• Square Footage: 281,699
• Address: 500 North State College Blvd
• Market: Orange, CA
• Acres: 2.29
• Buyer: Ramin Saghian & Danny Sooferian
• Seller: Clay Duvall & David Binswanger - Lincoln Property Company

This transaction involved Clay Duvall and David Binswanger representing Lincoln Property Company as sellers. The buyers, Ramin Saghian and Danny Sooferian, are tied to the investment in the property, which reflects ongoing pricing pressure in Orange County's office market and elevated vacancy rates affecting valuations.