Buyer Finds Repositioned AD/6 to be Stable Income-Producing Property

AD/6, the six-building corporate office complex in Santa Ana, formerly Deere Alton Business Park, recently sold for $42.8 million. The buyer was Henghou Investment Holding Inc., headquartered in Zhejiang, China.

Newmark’s Kevin Shannon, Paul Jones, Sean Fulp, Mark Schuessler and Brandon White represented the seller, Preylock Holdings.

“AD/6 is a stable incoming-producing property that is well positioned for the buyer to capitalize on growth-oriented companies looking for space at an attractive market rent,” said Jones. “This sale is indicative of notable increase in foreign capital like Henghou Investment Holding Inc. acquiring office assets throughout Southern California and the Western U.S.”

The property located at 1920, 1924, 1928, 1932, 1936 and 1940 East Deere Ave. consists of six recently repositioned corporate office buildings totaling 188,714 square feet. The property is currently 87 percent leased to a diverse mix of local and nationally recognized tenants. Each building features renovated common area corridors, tall ceiling heights, high corporate visibility and abundant surface parking.