Description

106 West represents a rare value-add acquisition in the heart of historic downtown Santa Ana. Spanning 35,419 square feet above a basement vault, the six-story mixed-use property combines approximately 60% office and 40% retail occupancy. Currently 70% leased, this asset offers immediate income stability with significant upside potential through targeted leasing and repositioning efforts. Originally constructed in 1923 for the First National Bank, 106 West features unique structural characteristics including steel-frame and concrete construction, expansive floor plates of 5,500 SF, and abundant natural light highlighted by exposed brick and concrete finishes. Four floors have undergone extensive renovation, creating modern creative office environments with high ceilings and original detailing. Situated in Santa Ana's vibrant Artists Village and Civic Center area, the property benefits from strong demand generators such as government offices, cultural institutions, and a growing base of dining and retail amenities. Accessibility will further improve with the pending debut of the OC Streetcar line in 2026, positioning this address as one of the most transit-connected locations in Orange County. Additional investor appeal comes from Mills Act tax advantages and proximity to major infrastructure improvements totaling $54 million. This offering presents a unique combination of stabilized cash flow, future leasing upside, and enduring historical significance in a rapidly evolving downtown market.