801 North Ross Street
100% leased to Aladdin Bail Bonds - 20 Year History
Marketing description
801 N. Ross Street presents a rare opportunity to acquire a fully stabilized single-tenant office investment in the heart of the Downtown Santa Ana Civic Center. Purpose-built in 2007 for Aladdin Bail Bonds, this two-story ±4,168 square foot building sits on an ±11,583 square foot corner lot and has been occupied by the same tenant for nearly two decades. The property offers excellent visibility, strong street presence, and an attractive on-site parking ratio that is difficult to replicate in this dense urban submarket.
Strategically located directly across from the Santa Ana jail facilities and within walking distance of the Orange County Superior Court, Ronald Reagan Federal Building, U.S. District Court, ICE, ATF, and numerous other city, county, and federal agencies, the property benefits from an irreplaceable location that is uniquely tied to the tenant’s business. This highly specialized governmental corridor creates a powerful demand driver that is not easily duplicated elsewhere in Orange County.
The investment is further strengthened by a tightly controlled entitlement profile. The property operates under a Special Conditional Use Permit allowing bail bond use in a regulated zoning environment, creating significant barriers to entry and making competitive relocation extremely difficult. In addition, the lease is effectively NNN, with the tenant paying property taxes, utilities, and most maintenance, resulting in a passive, low-management investment. Current annual rent is $175,920, and the offering is priced at $2,650,000, representing a 6.64% cap rate on current income.
Investment highlights
801 N. Ross Street offers investors the chance to acquire an irreplaceable single-tenant net-leased office asset in the Downtown Santa Ana Civic Center. Purpose-built in 2007 for Aladdin Bail Bonds, the property has enjoyed nearly 20 years of continuous occupancy by the same entrenched tenant. Situated on a prominent corner lot directly across from the Santa Ana jail facilities, the property benefits from a uniquely strategic location serving one of the busiest legal and governmental districts in Orange County. The ±4,168 SF building features quality construction, strong identity, and on-site parking that is difficult to replicate in this urban submarket. The tenant pays taxes, utilities, and most maintenance, creating a passive investment structure with current NOI of $175,920. Offered at $2,650,000, the investment presents a 6.64% cap rate with additional upside tied to the tenant’s stated interest in an early renewal. Strict zoning and permitting restrictions for bail bond operations further enhance the property’s long-term competitive position.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
