Santa Ana, CA
CBRE Facilitates $19.2 Million Sale of Office Property in Santa Ana, California
May 1, 2025
Media Contact
Communications Manager
CBRE facilitated the $19.2 million sale of 2020 East 1st Street in Santa Ana, California.
CBRE’s Anthony DeLorenzo, Sammy Cemo and Bryan Johnson, along with Greg Sullivan, David Dowd and Jennifer Whittington, represented the seller, Harbor Associates, in the transaction.
Built in 1985, the five-story, 111,483 sq. ft. Class A office building is situated on 3.72 acres near Interstate 5 and State Route 55.
“This sale reflects the ongoing trend we’ve been seeing over the past few years of specific office properties situated on a significant amount of land being reimagined for new uses,” said DeLorenzo, vice chairman at CBRE. “The combination of the irreplaceable location of the property and the mixed-use overlay zoning contributed to strong demand from the residential development community.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.