Coreland Companies Represents the Seller in Sale of Office Condo in Costa Mesa, Calif. for $1,900,000

Steven J. Hogberg of Coreland Companies represented the seller in the $1.9 million sale of a two-story 9,780 sq. ft. office condo building located at 3505 Cadillac Ave. in Costa Mesa, CA within Cambridge Park, a 220,000 sq. ft. business park. End Quote

Orange County, CA (1888PressRelease) July 17, 2008 - Coreland Companies of Tustin, Calif., one of the largest real estate service companies based in California, announced that Steven J. Hogberg of Coreland Companies represented the seller in the sale of a two-story office condo in Costa Mesa, Calif. The purchase price was $1,900,000.

Located within the 220,000-square-foot business park, known as Cambridge Park, the 9,780-square-foot condo is located at 3505 Cadillac Avenue, O103/203 and O104/204. Built in 1982, the building will be owner occupied.

“The buyer acquired a well-located property in the highly desirable Costa Mesa/South Coast Metro area to occupy,” said Coreland’s Senior Vice President Leasing/Sales Steven Hogberg. “Cambridge Park is one of Costa Mesa's premier business parks and is situated in close proximity to Orange County (John Wayne) airport and convenient access to the 405, 55, 57 and 73 freeways.

The buyer was Project Independence, a non-profit entity from Costa Mesa, and was represented by Ashwill Associates of Newport Beach, Calif. The seller was Cambridge Park Partners of Costa Mesa.

Coreland Companies 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. For more information, please call the company’s headquarters at (714) 573-7780 or visit www.coreland.com.

For information about this transaction or Coreland’s brokerage services, please contact:

Steven J. Hogberg
Senior Vice President Leasing/Sales
CORELAND COMPANIES
17542 E. 17TH Street, Suite 420
Tustin, California 92780
PH: 714.573.7780
FX: 714.573.7790
www.coreland.com

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