1935 17Th StSanta Ana, CA 92705

Property Details for 1935 17Th St

Year built

1997

Property size (Sq ft)

8,104 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a fully leased, 8,104 square foot retail shopping center located at 1935 E 17th St, Santa Ana, CA 92705. The property, built in 1997, sits on a 25,700 square foot lot and boasts a 5.40% cap rate with a Net Operating Income (NOI) of $334,592. Currently housing six tenants under NNN leases, the center enjoys 100% occupancy and minimal management requirements. Key anchors include Hobby Lobby, Esporta Fitness, and Carl's Jr. The property benefits from a prime location in a high-traffic area with over 60,000 vehicles passing daily, situated near major freeways (SR-55, I-22, SR-57, and I-5) and surrounded by a dense population with high average household income exceeding $146,000 within a 5-mile radius. The C5 (General Commercial) zoning provides flexibility. This well-maintained property is offered at $6,200,000 and is ideally suited for a 1031 exchange investor, offering a strong return on investment with a stable tenant base and excellent location. The property is free and clear of debt, allowing for an all-cash purchase. APN: 396-321-20.

Location Insight

City

Santa Ana

County

Orange

State

California

Latitude

33.7602

Longitude

-117.839

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