NewswireToday - /newswire/ -
Santa Ana, CA, United States, 2010/11/13 - Bryan Bauer of Coreland Companies represented the seller in the sale of a 3.3-acre vacant auto dealership in the 50+ acre, 14-dealership Santa Ana Auto Mall in Santa Ana, Calif. The purchase price was $5,750,000.
Coreland Companies of Tustin, Calif., one of the largest real estate service companies based in California, announced today that Bryan Bauer of Coreland Companies represented the seller in the sale of a 3.3-acre vacant auto dealership located in the 50+ acre, 14-dealership Santa Ana Auto Mall in Santa Ana, Calif. The purchase price was $5,750,000.
Located at 1455 Auto Mall Drive in Santa Ana, adjacent to the 55 freeway at Edinger, the 35,000+square-foot dealership was previously the long-time home of Bauer Jaguar. The property was built in 1998.
The buyer, which represented itself, was Santa Ana Properties II, a related entity that also owns and operates the nearby Mini Cooper Auto dealership and has plans to relocate the dealership to the new property. The seller was Jeffrey and Bryan, LLC of Costa Mesa.
“In addition to excellent freeway visibility, the property enjoys a prime, up-front position in the Santa Ana Auto Mall, which appealed to the buyer who was looking to purchase a high-profile facility for their dealership. A real win-win for both parties and in a very tough economic environment," said Bauer.
Coreland's brokerage division also negotiated four retail leases in Southern California totaling more than 50,000 square feet with a total value of nearly $4 million during the third quarter of 2010. Coreland represented the property ownership in all four transactions.
Coreland Companies (coreland.com) is a full-service commercial real estate company with expertise in retail, office and industrial properties. Coreland Companies is based in Tustin, California with offices in Utah and throughout Southern California.