Located in High Traffic Area Seeing Over 600,000 Vehicles Per Day

 

Santa Ana, CA – Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, recently completed the $9.3 million acquisition of a 21,330 square foot mini-mall located at 3412 Westminster Road, Santa Ana, CA. The 21-day all-cash transaction was completed by First Vice President and Senior Director Alexander Harrold, and Associate Carter Hadley.

 

The trophy asset is in Orange County with direct access to CA-22 Highway, which sees over 350,000 vehicles every day, and 1-5/CA-57 Freeway, which sees north of 250,000 vehicles daily, making this an accessible property. The buyer wanted to expand business in the Orange County area within proximity to the John Wayne Airport.

 

“The timing of this deal was incredible. Both parties were ready and qualified from day one, closing in just 21 days,” said Hadley. “We received record pricing for the property and are eager to see what the buyer has in store for further expansion.”

 

Matthews™ agents strategized with the seller to bring the property on the market to secure the best price instead of an off-market offer. The strategy was proven an instant success, as the buyer released their deposit to the seller on the first day of escrow and waived all contingencies to secure the listing.

 

“This deal required client trust in our methodology and reasoning, which further emphasizes building strong relationships with clients,” said Harrold.

 

3412 Westminster sits on a lot scaling over two acres with an abundance of parking and street frontage to Westminster Avenue.  The multi-use property is in a prime Southern California location with endless development opportunities throughout Westminster and Harbor Boulevard.

 

 

 

About Matthews™

Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Founded in El Segundo, CA, and strategically positioned with over 400 agents and support staff in over 14 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.