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Kelemen Caamaño Investments officially closed escrow on the sale of 1921 East Alton, a two-story office building in Santa Ana, for $18.5M, or $273/SF.
The building is 100% leased with three tenants. The tenants are Collector's Universe, GSA/U.S. Marines and Edwards Lifesciences.
The undisclosed buyer is one of the tenants.
The 17-year-old, 67,846 SF office building is in the Alton Corporate Center business park at the corner of Red Hill Avenue and Alton Parkway.
Kelemen Caamaño Investments bought 1921 East Alton in 2015 as a value-add opportunity. The property had a 20% vacancy at the time.
Kelemen Caamaño Investments was repped by Wind Water Realty vice president Rob Rader and NGKF executive managing director Scott Read.
The buyer was repped by Real Tech president Kim Josephson.
