Available For Sale - Retail

15,856 SF | Show Pricing $

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LISTED BY

Joseph Lising
Cushman & Wakefield, 949-372-4896
Tummy Carter
Southern California Retail Group, 714-915-9451
Maureen Gitto
Cushman & Wakefield, 909-967-7216

AVAILABILITY DETAILS

Size
15,856 SF
Price/SF
Show Pricing $
Listing ID
SA532643
Notes
OFFERING PRICE $6,700,000

PRICE PSF $422.55

NOI WITH MILLS ACT (YEAR 1 IN-PLACE) $391,750

CAP RATE (YEAR 1 IN-PLACE) 5.68%

CURRENT OCCUPANCY 100%

PROPERTY ADDRESS (BUILDING)

313 N Birch Street, Santa Ana, CA 92701

PROPERTY ADDRESS (PARKING LOT)

329 W 3rd Street, Santa Ana, CA 92701

PARCEL 398-591-09 & 10

COUNTY Orange

PROPERTY TYPE Creative Office

YEAR BUILT / RENO 1934 / 2020

TOTAL RENTABLE AREA 15,856 SF

TOTAL LAND AREA 16,988 SF / 0.39 AC

PARKING RATIO 20 Surface Parking Stalls

ZONING DT (Downtown)

OPPORTUNITY ZONE Yes

ATTRACTIVE NEIGHBORHOOD IN WEST END OF SANTA ANA HISTORICAL SHOPPING DISTRICT

ALONG THE NEW DOUBLE-TRACKED MODERN STREET CAR LINE

• The electric-powered streetcar line currently nearing completion in Orange County will run through

the cities of Santa Ana and Garden Grove, linking the Metrolink station and downtown Santa Ana.

• Potential future extensions to Disneyland, Anaheim’s Platinum Triangle and John Wayne Airport.

MILLS ACT PROPERTY TAX ABATEMENT PROGRAM & OPPORTUNITY ZONE

• Inclusion in California’s economic incentive program for the restoration and preservation of qualified

historic buildings by property owners.

RARE SELF PARKED BUILDING

• The Armory Hall benefits from the rare amenity of being one of the few self-parked buildings in the

West End district. This includes 20 surface parking stalls.

FUTURE REVENUE OPPORTUNITIES

• The Property consists of two floors with many long-term tenants on leases approaching expiration.

The subject offering provides a prospective investor with a multitude of repositioning options in the

near future.

• Both the basement storage and parking lot are options for new ownership to provide additional

revenue opportunities above and beyond the current in-place NOI.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Joseph Lising, Cushman & Wakefield