CHARLES DUNN COMPANY COMPLETES $5.46 MILLION SALE OF CARNEGIE CENTRE ONE BUILDING IN SANTA ANA

The Premier Services Group of the Charles Dunn Company, a full-service commercial real estate firm, has sold the 46,508 square-foot Carnegie Centre One - a two-story multi-tenant office building - to MDG Capital Group, LLC for approximately $5.46 million. The building is one of five comprising Carnegie Centre Business Park at 2500 Red Hill in Santa Ana, Calif.

The Premier Services Group of the Charles Dunn Company, a full-service commercial real estate firm, has sold the 46,508 square-foot Carnegie Centre One - a two-story multi-tenant office building - to MDG Capital Group, LLC for approximately $5.46 million. The building is one of five comprising Carnegie Centre Business Park at 2500 Red Hill in Santa Ana, Calif.

Premier Service Group members Tim Good, senior managing director, and Erik Good, director, in Charles Dunns Orange County office, represented the buyer, MDG Capital Group, LLC, a private investor based in Encino, CA., which plans to hold the asset for the long-term.

The building is located near the John Wayne Airport, on the Red Hill Corridor, and across from the former Marine Corps Helicopter Base -Tustin, which is slated for major residential and commercial projects -- a prime location for the buyer," said Tim Good. During escrow, we had the opportunity to lease the last 7,000 SF -- bringing the building to 100 percent occupancy at the end of closing."

The Goods also coordinated the acquisition financing through Johnson Capital Group, Inc. with Nomura Credit and Capital. The seller, Saga Irvine, LLC, was represented by Apollo Investment and Total Investment Brokerages.

The Premier Services Group at Charles Dunn is a select team of skilled professionals dedicated to delivering the highest level of personalized service to owners of office, flex and industrial assets. The group optimizes ownership objectives for private and institutional clients, offering acquisition, advisory, asset management, dispositions, due diligence, property management, repositioning and underwriting services.

Charles Dunn Company is one of the largest full service brokerage and property management firms on the West Coast. Since its founding in 1921, Charles Dunn Company has been helping thousands of companies and individuals with a full complement of real estate services. The California-based company offers comprehensive brokerage, property and asset management, corporate and construction advisory as well as financial services to tenants, owners, investors and developers. Charles Dunn Company maintains offices in downtown Los Angeles, West Los Angeles, Sacramento, San Diego, Seal Beach, San Fernando Valley, San Francisco, Orange County and Phoenix.    For more information, visit www.charlesdunn.com
   
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