For Sale
$21,700,000

901 Civic Center Dr Santa Ana, CA 92703

Prime location, high occupancy, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity features a ±95,831 square foot, fully renovated, multi-tenant medical and professional office building in Santa Ana, CA. The four-story, atrium-style building, situated on 2.1 acres, boasts a 92.47% occupancy rate with 18 suites and a diverse tenant roster including Optum Care Medical, Progress Medical, and Regus Managed Offices. A four-level parking structure provides approximately 320 spaces. Strategically located at the intersection of West Civic Center Drive and Flower Street, it offers easy access to major government buildings. Built in 1986 and renovated in 2021, the Class B building offers a weighted average lease term of 3.25 years. The asking price is $21,700,000, representing a 7.03% cap rate (pro-forma 7.34%) and a price per square foot of $226.44. The Net Operating Income (NOI) is $1,525,037 (pro-forma $1,591,776). The property is zoned commercial and offered fee simple, with a 1031 exchange sale condition. Favorable financing options are available for qualified buyers. This stabilized investment presents significant upside potential.

Highlights

  • 95,831-square-foot multi-tenant medical and professional office building in Santa Ana, CA.
  • Fully renovated four-story atrium-style office building with a four-level parking structure and direct access to all floors.
  • 92% occupancy with diverse tenants including Optum Care Medical, Progress Medical, Geo Re-Entry, and Regus.
  • Located at a signalized intersection of West Civic Center Drive and Flower Street, near major government buildings.
  • Approximately 320 parking spaces.
  • 7.03% current CAP rate, 7.34% pro-forma CAP rate.

Property Details for 901 Civic Center Dr

Property type
Office properties, Medical offices
Square Feet
95,831 SF
Class
B
Year Built/Renovated
1986/2021
Buildings
1
Stories
4
Lot Size (sq. ft)
91,476 SF
Units
18

Location Insight

City
Santa Ana
County
Orange
State
California
Latitude
33.751533191046
Longitude
-117.87657594835

FAQs

What type of property is this?
Office property - Prime location, high occupancy, strong NOI.
Where is the office property located?
The property is located at 901 Civic Center Dr Santa Ana, CA.
What is the asking price?
The asking price for this property is $21,700,000.
What are key features of this property?
This property features: 95,831-square-foot multi-tenant medical and professional office building in Santa Ana, CA.; Fully renovated four-story atrium-style office building with a four-level parking structure and direct access to all floors.; 92% occupancy with diverse tenants including Optum Care Medical, Progress Medical, Geo Re-Entry, and Regus.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
901 Civic Center Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message