530 Main StOrange, CA 92868

Property Details for 530 Main St

Year built

1966

Lot size

0.35 AC

Property size (Sq ft)

80,095 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

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.

Location Insight

City

Orange

County

Orange

State

California

Latitude

33.7795

Longitude

-117.868

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