Property History
Public Record 1
Public Record 2
Sale Date
Sold Price
Buyer Borrower 1 Name
Buyer Borrower 1 Ownership Rights Code
Buyer Borrower 1 Relationship Type
Buyer Borrower 2 Name
Mortgage Recording Date
Mortgage Term
Document Number
Document Type
Mortgage Interest Rate
Mortgage Loan Type
Mortgage Lender Name
Loan Amount
Mortgage Document Date
Mortgage Document Number
Resale Flag
Sales Price Code
Seller 1 Corp Indicator
Transaction Type
Mortgage Loan Trans Type
Seller 1 Name
Transfer Tax
Sold By
Sold To
Property Type
Property Type
Property Subtype
Asking Details
Asking Cap Rate
Investment Highlights
- Value-add opportunity to increase rents to be more in line with medical office space. At only $3.00/sf, the pro forma cap rate (Page 17) is 10.1%.
- The year one as-is cap rate is 5.0% based on the current 25% occupancy.
- Near-term opportunity to increase the cap rate by filling the 25% vacancy.
- RAI Care Center of Santa Ana represents 38% of the building and is entrenched and successful at this location. They just exercised the first five-year option to renew in August 2022 and they have two remaining five-year fixed-rate renewal options after they expire in 2028. The likelihood of long-term stability with this tenant is very high.
- With the aging of the baby boomers, demand for medical space is poised to increase significantly over the next decade.
- Convenient surface parking immediately next to the building.
- Priced to sell, this offering is below recent sale comps as seen on Page 16. At just $244/sf, this is priced significantly less than replacement cost shown on Page 17.
- As can be seen in the Costar Office Report (Pages 20-22), there is significant upside both in rental rates and building value.
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Zoning
C4 PlannedPlanned Shopping Center
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View all 33 uses
View all 33 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
Property Details
Contacts
Sold on
BY:
Steve Economos
•••.•••.2750
•teve@••••••••••••••.com
Sold on
BY:
Geoff DeWolf PRO
•••.•••.2751
•eoff@••••••••••••••.com
Map
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