After multiple offers, a 35-year-old multifamily property in Santa Ana sold for the first time for $6.8 million. The 29-unit multifamily development is spread over four separate parcels on 2.26 acres. Its sale was part of a 1031 exchange.

Colliers International senior vice president Patrick Swanson and associate Brenden Felix represented the seller. Swanson and Felix are based in Colliers' Irvine office.

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