IRVINE, Calif., June 27, 2017 /PRNewswire/ -- Stream Realty Partners, (Stream), a national real estate services, development and investment firm, sold 555 N Park Center in Santa Ana. The multi-tenant office building sold to Gold Acceptance who will occupy a portion of the 24,737 square foot building as an owner/user.
"The property provides a unique opportunity for Gold Acceptance to acquire a building with leases in place, house their workforce with the ability to grow within the project, add real estate to their portfolio, and to gain the tax advantages of owning real estate," said Stream's Mike Adams, vice president, who sold the Santa Ana office property on behalf of the ownership.
555 N Park Center was renovated by ownership in 2016 to meet tenant demands uncovered in the marketplace. These high in-demand renovations included a new standing seam metal roof, exterior paint, new entry with stained wood slats, smooth coat stucco, drought-tolerant landscaping and corridor renovations. The building set the year-to-date high comp for a Class B office building in Santa Ana from 15,000 to 30,000 square feet.
View the Drone Video: http://bit.ly/555ParkCenter
About Stream Realty Partners
Stream is a commercial real estate firm with locations across the country. The company's full-service offerings cover the broad spectrum of leasing, management, development, construction, health care and investment sales services across the commercial and multifamily industry. In addition, Stream specializes in sourcing acquisition and development opportunities for the firm and its clients. Since its formation in 1996, Stream has grown from its two original partners to a staff of more than 750 real estate professionals nationwide, with regional offices in Atlanta, Austin, Charlotte, Chicago, Dallas, Denver, Fort Worth, Houston, San Antonio, Southern California and Washington, D.C. Stream currently has more than 130 million square feet of assignments across the nation, completes over $2.4 billion in real estate transactions annually and is considered one of the most active investors and developers in the real estate industry.
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SOURCE Stream Realty Partners