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Cadigan Claims Santa Ana MF
An entity controlled by long-time Orange County-based investor Patrick Cadigan acquired 1901 E. First Street, a Class A multifamily property in Santa Ana’s East First Street Corridor. Built in 2016, the five-story property contains 264 residential units and two commercial units.
The buyer was represented by Greenwood & McKenzie’s Carl Greenwood and Jim McKenzie, who noted, “1901 E. First Street presented a tremendous opportunity to expand the Cadigan portfolio. Further, it afforded us the chance to secure a project less than one mile from our headquarters. We are excited along with our management team to oversee the continued maturation of this development.”
NorthMarq’s Shane Shafer and Kyle Pinkalla handled the sale. Shafer says, “This is one of nicest properties built in Santa Ana in last five years. The buyer recognized the asset quality of construction and the exceptional location.” He also noted it is one of the largest sales this year for Orange County.
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- ◦Sale/Acquisition




