Local Orange County investor Patrick Cadigan has acquired a five-story, 264-unit apartment building in Santa Ana's East First Street Corridor. The deal is among the biggest apartment transactions in Orange County this year.

The property was built in 2016, and features a clean layout with quality finishes. The property also features two commercial units.

NorthMarq's Southern California investment sales team of Shane Shafer, SVP and managing director and Kyle Pinkalla, managing director, brokered the sale.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Orange County
Multifamily
Capital Markets