For Sale
$7,400,000

615 Civic Center DrSanta Ana, CA 92701

High-Demand, 100% Leased Office

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully leased, Class B office building situated in the heart of Downtown Santa Ana, at the corner of W. Civic Center Dr. & Patron St., directly across from the Orange County Courthouse. The 24,363 square foot building, constructed in 1966 and extensively renovated in 2018 and 2023, boasts a prime location with high visibility on a major thoroughfare experiencing 18,000 cars daily. The property features a four-story building on a 0.34-acre lot, offering 2.37 parking spaces per 1,000 square feet, including secured subterranean parking. Currently 100% occupied by two long-term tenants, Public Law Center (lease signed in 2023) and Telecare Corporation (tenant since 2016), this stabilized investment provides a consistent revenue stream with a strong NOI of $407,037. The building includes a private courtyard and an ADA-accessible entrance ramp. Its convenient location offers easy access to Interstate I-5 and the Santa Ana Regional Transportation Center, within a five-minute drive. The property's strategic positioning near the Orange County Courthouse and the newly built Civic Center provides exceptional branding opportunities and benefits from the high leasing activity in the Civic Center submarket, which saw 211,000 square feet of leasing activity in the past 12 months. The asking price is $7,400,000, representing a price per square foot of $303.74. The property's permitted zoning is P, Santa Ana, and its APN is 00514332.

Highlights

  • Strong Tenancy: Investment-grade property anchored by two long-term tenants, Public Law Center (leased in 2023) and Telecare Corporation (since 2016), providing stable rental income.
  • Sticky Tenants: Both tenants have significant barriers to relocation, ensuring long-term occupancy. Public Law Center owns a nearby building and needs courthouse proximity; Telecare's City of Santa Ana approvals restrict alternative locations.
  • Civic Center Submarket: High demand; 211,000 square feet leased in the past year, including a major 82,000 square foot lease nearby.
  • Prime Location: Strategically located near the Civic Center, Orange County Courthouse, and Santa Ana Regional Transportation Center (SARTC), offering excellent accessibility and visibility.
  • Public Services: Proximity to numerous public services within the Civic Center enhances the property's appeal and tenant base.

Property Details for 615 Civic Center Dr

Property type
Office properties
Square Feet
24,363 SF
Class
B
Year Built/Renovated
1966/2018
Buildings
1
Stories
4
Lot Size (sq. ft)
14,810 SF
Units
2

Location Insight

City
Santa Ana
County
Orange
State
California
Latitude
33.7519178
Longitude
-117.8744678
615 Civic Center Dr, Santa Ana, California

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615 Civic Center Dr
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