By IvyLee Rosario
Stream Realty Partners sold 555 N. Park Center in Santa Ana, Calif., to Gold Acceptance. The company will occupy a portion of the 24,737-square-foot multi-tenant office building as an owner/tenant.
Upgrades & location
In 2016, Stream renovated the two-story building, which was originally constructed in 1977. Upgrades included a new standing seam metal roof, new entry with stained wood slats, drought-tolerant landscaping, exterior paint, smooth coat stucco and corridor renovations. The property contains 1.31 acres of land and offers 79 parking spaces. 555 N. Park Center is in close proximity to Interstate 5 and the 55, 22 and 405 Freeways. The asset is located minutes from the Civic Center of downtown Santa Ana and John Wayne Airport.
“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 Mike Adams, vice president of Stream, in prepared remarks.
Video courtesy of Stream Realty Partners