Pacshore Partners Sells Orange County Office Asset
Pacshore Partners has sold SoCo Harbor, a 151,739-square-foot, four-building office campus in Santa Ana, Calif., for $20.8 million, according to CommercialEdge information. Cristo Rey Orange County High School acquired the asset that traded for about $137 per square foot.
The buyer also benefited from a $1.3 million loan from the Diocese of Orange, the same data provider shows.
The faith-based institution opened in Santa Ana in the fall of 2023 and is looking to expand its student enrollment. The network includes 40 schools across 24 states, out of which seven are in California.
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Sitting on 9 acres at 3601 S. Harbor Blvd., the office campus is 6 miles from downtown Santa Ana and close to Interstate 405. The current location of Cristo Rey Orange County High School is within 4 miles. The institution did not immediately respond to a request regarding its plans for the property.
Built in 1986, SoCo Harbor went through cosmetic renovations in 2018. The buildings rise two stories and include passenger elevators.
Orange County office sales down year-over-year
The Orange County office sales volume in the fourth quarter of last year totaled $114 million, with four properties changing hands, according to a Cushman & Wakefield office report. This figure marked a 21 percent increase quarter-over-quarter, but was 39 percent down compared to 2023’s same quarter.
Absorption remains negative and development muted, the same report shows. Even so, office deals continued to pencil out at the beginning of 2025 across the county. In January, CBRE Investment Management sold 2600 Michelson, a 310,925-square-foot office building in Irvine, Calif., for $42 million. The company owned the asset for 7 years.
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