Overview

Description

The Office Advisory Group (Marshal Vogt, Matt Orville, and Jaimeson Hearne) of Lee & Associates with the help of partner Jack Haley negotiated the sale of 16.5 acres to Amazon on behalf of Caribou Industries. With frontage along the 5 freeway and easy access to the Orange Crush where the 5, 22 and 57 Freeways interconnect, 625 N Grand is an integral piece to Amazon’s expansion plans in Southern CA.

The sale price of over $63 million is one of the largest Orange County transactions of 2020 and is a huge win for the transformation of Downtown Santa Ana as it continues to make strides to bring big names to the city. There are a lot of companies that see value in being neighbors with one of the largest companies in the world.

Santa Ana has not sat still during the lockdown. Construction of the OC Streetcar has accelerated (expected delivery 2023), the close to $1 Billion Civic Center renovation is near complete, and there are numerous development projects in progress/planning with residential, hotels and retail leading the way.

Location

Located in Santa Ana's Qualified Opportunity Zone, 625 N Grand Ave offers an unbelievable identity visible from the highly traveled Interstate 5 Freeway providing the gateway to Downtown Santa Ana in the center of Orange County. 625 N Grand Ave is a short walk from the Santa Ana Regional Train Station (SARTC) - Orange County & regional mass transit hub which combines the Amtrak, Metrolink, OCTA bus service, taxi service and the under construction, much anticipated OC Streetcar (Santa Ana’s $400 million light rail line) all in one location.

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