{"id":1004751487,"date":"2025-03-21T00:31:27","date_gmt":"2025-03-21T08:31:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004751487"},"modified":"2025-03-21T00:31:29","modified_gmt":"2025-03-21T08:31:29","slug":"pacshore-partners-sells-orange-county-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pacshore-partners-sells-orange-county-office-asset\/","title":{"rendered":"Pacshore Partners Sells Orange County Office Asset"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/SoCo-Harbor.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004751488\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/pacshore-partners-sells-orange-county-office-asset\/soco-harbor\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/SoCo-Harbor.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"SoCo Harbor\" data-image-description=\"&lt;p&gt;Exterior shot of one of the buildings within the SoCo Harbor campus. The facility rises two stories and has a white fa\u00e7ade.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;SoCo Harbor consists of four two-story office buildings that went through cosmetic renovations in 2018. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/SoCo-Harbor.jpg?w=640\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/SoCo-Harbor.jpg\" alt=\"Exterior shot of one of the buildings within the SoCo Harbor campus. The facility rises two stories and has a white fa\u00e7ade.\" class=\"wp-image-1004751488\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/SoCo-Harbor.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/SoCo-Harbor.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption class=\"wp-element-caption\">SoCo Harbor consists of four two-story office buildings that underwent cosmetic renovations in 2018. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Pacshore Partners has sold SoCo Harbor, a 151,739-square-foot, four-building office campus in Santa Ana, Calif., for $20.8 million, according to CommercialEdge information. Cristo Rey Orange County High School acquired the asset that traded for about $137 per square foot.<\/p>\n\n\n\n<p>The buyer also benefited from a $1.3 million loan from the Diocese of Orange, the same data provider shows.<\/p>\n\n\n\n<p>The faith-based institution opened in Santa Ana in the fall of 2023 and is looking to expand its student enrollment. The network includes 40 schools across 24 states, out of which seven are in California.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/commercialedge-office-report-february-2025\/\">Office Prices Slide as Discounts Surge<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Sitting on 9 acres at 3601 S. Harbor Blvd., the office campus is 6 miles from downtown Santa Ana and close to Interstate 405. The current location of Cristo Rey Orange County High School is within 4 miles. The institution did not immediately respond to a request regarding its plans for the property. <\/p>\n\n\n\n<p>Built in 1986, SoCo Harbor went through cosmetic renovations in 2018. The buildings rise two stories and include passenger elevators.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-orange-county-office-sales-down-year-over-year\">Orange County office sales down year-over-year<\/h2>\n\n\n\n<p>The Orange County office sales volume in the fourth quarter of last year totaled $114 million, with four properties changing hands, according to a Cushman &amp; Wakefield office report. This figure marked a 21 percent increase quarter-over-quarter, but was 39 percent down compared to 2023\u2019s same quarter.<\/p>\n\n\n\n<p>Absorption remains negative and development muted, the same report shows. Even so, office deals continued to pencil out at the beginning of 2025 across the county. In January, <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-im-sells-orange-county-office-asset-for-42m\/\">CBRE Investment Management sold<\/a> 2600 Michelson, a 310,925-square-foot office building in Irvine, Calif., for $42 million. The company owned the asset for 7 years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The buyer is a faith-based high school. <\/p>\n","protected":false},"author":3355,"featured_media":1004751488,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21747,34267,15],"tags":[],"class_list":["post-1004751487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-office","category-orange-county","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pacshore Partners Sells Orange County Office Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Pacshore Partners sold SoCo Harbor, a four-building office campus in Santa Ana, Calif., for $20.8 million to a faith-based high-school.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/pacshore-partners-sells-orange-county-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pacshore Partners Sells Orange County Office Asset\" \/>\n<meta property=\"og:description\" content=\"Pacshore Partners sold SoCo Harbor, a four-building office campus in Santa Ana, Calif., for $20.8 million to a faith-based high-school.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pacshore-partners-sells-orange-county-office-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-21T08:31:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-21T08:31:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/SoCo-Harbor.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Vicentiu Fusea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pacshore-partners-sells-orange-county-office-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/pacshore-partners-sells-orange-county-office-asset\/\",\"name\":\"Pacshore Partners Sells Orange County Office Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pacshore-partners-sells-orange-county-office-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pacshore-partners-sells-orange-county-office-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/SoCo-Harbor.jpg\",\"datePublished\":\"2025-03-21T08:31:27+00:00\",\"dateModified\":\"2025-03-21T08:31:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412\"},\"description\":\"Pacshore Partners sold SoCo Harbor, a four-building office campus in Santa Ana, Calif., for $20.8 million to a faith-based high-school.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pacshore-partners-sells-orange-county-office-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/pacshore-partners-sells-orange-county-office-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pacshore-partners-sells-orange-county-office-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/SoCo-Harbor.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/SoCo-Harbor.jpg\",\"width\":640,\"height\":480,\"caption\":\"SoCo Harbor consists of four two-story office buildings that went through cosmetic renovations in 2018. 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