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530 Main StOrange, CA 92868

High-Yield, Class A Office Complex

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Class A office building, located at 530 S Main St, Orange, CA 92868, offers 80,095 square feet of net rentable space across six stories in one building. Currently 100% occupied by three tenants, including a major anchor tenant (Western Dental) with a long-term lease, the property boasts a strong historical occupancy rate averaging 97.5% since 2006. The building, constructed in 1966 and extensively renovated in 2020, benefits from approximately $2.5 million in recent capital improvements and is situated on a 0.347-acre lot. The property generates a significant NOI of $2,101,940. Its prime location offers exceptional visibility and accessibility, adjacent to the Garden Grove (22) Freeway and less than half a mile from the Santa Ana (5) junction. The building is directly across from Children's Hospital of Orange County and Providence St. Joseph Medical Center, and near the MainPlace Mall, a major shopping and entertainment destination undergoing significant redevelopment. The surrounding area is experiencing substantial residential densification, with over 1,000 luxury units planned within close proximity. This investment-grade property presents a compelling opportunity due to its strong tenant base, high occupancy, and strategic location within a rapidly growing area. The campus has seen significant capital investment totaling approximately $35 million since 2007. The weighted average lease term remaining is approximately 5.7 years.

Highlights

  • Exceptional historical occupancy averaging 97.5% since 2006, significantly outperforming the submarket.
  • Prime location adjacent to the 22 and 5 freeways, directly across from CHOC and Providence St. Joseph Medical Center.
  • Amenity-rich environment next to the recently renovated MainPlace Mall, undergoing a major expansion including retail, office, hotel, and residential components.
  • Surrounded by significant residential densification adding over 1,000 luxury units nearby.

Property Details for 530 Main St

Property type
Office properties, Medical offices
Square Feet
80,095 SF
Class
A
Year Built/Renovated
1966/2020
Buildings
1
Stories
6
Lot Size (sq. ft)
15,115 SF

Location Insight

City
Orange
County
Orange
State
California
Latitude
33.7794561
Longitude
-117.8679099
530 Main St, Orange, California

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530 Main St
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