Description

Attractive investment opportunity to acquire a well-located two-story professional office building in Santa Ana offering a stable and strong capitalization rate in an established Orange County market. The property consists of approximately 12,460 sqft of rentable building area situated on a huge sizable 38,333 sqft lot (~0.88 acres), providing both stable income and long-term upside. Constructed in 1977, the building supports a broad range of professional and commercial uses, including medical, dental, accounting, education/school, professional services, real estate, retail, special use, and multi-tenant office configurations. The flexible layout accommodates single-tenant or multi-tenant occupancy, appealing to a diverse tenant base and enhancing income durability. The expansive lot allows for ample on-site parkings and presents value-add potential through lease-up, tenant repositioning, or reconfiguration of suites to improve cash flow, subject to local zoning and city approvals. Investors benefit from current income at a stable cap rate with opportunities to increase NOI over time. Strategically positioned with convenient access to major thoroughfares in Santa Ana, the property offers strong visibility and accessibility within a high-demand commercial corridor. Ideal for investors seeking a stable professional office asset with reliable returns, as well as owner-users looking to offset occupancy costs through rental income.