Los Angeles investors Danny Sooferian and Ramin Saghian have paid $63.13 million for the Orange Center Tower, a 323,016-square-foot office building in Orange, California. The price works out to $195.44 per square foot.

The buyers secured $40.6 million in commercial mortgage-backed securities financing for the acquisition. The loan represents roughly 64 percent of the purchase price.

Orange is located in Orange County, about 30 miles southeast of downtown Los Angeles. The submarket has seen steady office activity as investors target buildings outside the urban core.

The transaction closed in early August. The seller was not disclosed in available records.

Office properties in the Los Angeles metro have traded at a wide range of prices this year, reflecting differences in building age, tenant credit and location. Suburban assets typically command lower per-foot pricing than downtown towers.

The Orange Center Tower deal is one of several recent office sales in Southern California to use CMBS debt. Lenders have shown continued appetite for stabilized suburban office properties with established tenant rosters.

Commercial mortgage-backed securities issuance has remained active in 2026, with office loans making up a significant share of new conduit deals. Loan-to-value ratios have varied depending on property quality and sponsor experience.

The buyers, Sooferian and Saghian, are Los Angeles-based investors. No additional details about their investment strategy or portfolio were available.