Listed by Economos Dewolf
$3,499,000
611 W Civic Center Dr
Details
APN 005-143-33
Property Type Office, Mixed Use
Sub Type Traditional Office, Executive Office
Square Footage 17,597
Tenancy Vacant
Price per SqFt $199
Class B
Year Built 1963
Year Renovated 2017
Stories 4
Acreage 0.290
Parking Spaces 18 spaces
Parking Per SqFt 1.02
Investment Type Owner/User
Office | 17,597 SqFt
Marketing description
Four-story, freestanding office building with high-end finishes, built in 1963, and recently renovated with an elevator and prominent street presence.
The property has gone through major interior renovations
and is sprinklered and elevator-served. A new coating was
put on the roof in 2017, and the HVAC units are in working
condition. Fiber optic is run throughout the building,
ensuring fast, reliable speeds. The exterior of the building
was just freshly repainted.
There are 18 total parking stalls, 8 of which are covered,
exclusive to this building. City parking structures and
metered street parking are also within walking distance.
Investment highlights
- Incredible downtown Santa Ana location directly across the street from the Superior Court of California, County of Orange, and walkable to most other civic offices.
- Ownership conducted a major renovation of the building, and recently had the exterior repainted, new windows installed, and a complete remeasurement of the structure.
- High-image interior buildout with modern and creative finishes. Incredible opportunity to own and occupy a newly renovated office building with direct elevator access to the penthouse, private covered parking, an onsite coffee house, and a unique rooftop deck.
- Buyer can occupy the entire building. There are short-term office leases in place on the 2nd floor, and a short-term lease with the coffee shop.
- 611 W Civic Center Dr is in an Opportunity Zone, which is designed to spur economic development by providing tax benefits to investors under the Tax Cuts and Jobs Act of 2017.
- Restaurants and amenities are close by as can be seen on the amenities map (Page 6).
- Priced to sell at $199/SF, this offering is an attractive value compared to the sale comps on Page 17.
Listing Contacts
Listed by Economos Dewolf
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