1851 1St StSanta Ana, CA 92705

Property Details for 1851 1St St

Lot size

2.70 AC

Property type

Showrooms

APN

400-071-02

APU

40007102

Description

Tower 1851, located at 1851 E 1st St, Santa Ana, CA 92705, presents a unique opportunity for businesses seeking premium executive office space. This 15-story, Class A high-rise building offers 321,836 square feet of total space, with a minimum divisible unit of 1,999 square feet and a maximum contiguous space of 21,641 square feet. Currently, 154,812 square feet are available across multiple suites within the building's total of 20 suites. The building boasts a comprehensive array of amenities designed to enhance productivity and employee well-being. These include a state-of-the-art executive gym with private showers and lockers, corporate conferencing facilities, a tenant lounge, secure bike storage, and EV charging stations. For added convenience and security, the building offers structured parking with a 4:1 ratio, 24-hour security services, and a full-service café/coffee shop. On-site support includes a dedicated hospitality team and a full-service maintenance and engineering team. Seven high-speed elevators ensure efficient vertical transportation throughout the building. This fully renovated building, inside and out, represents a new level of excellence in Orange County office space. The building's modern design and comprehensive amenities cater to the needs of today's corporate environment.

• CAP approach

  CAP return

  Valuation

  6%

  $37,819,500

  6.5%

  $34,910,300

  7%

  $32,416,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $43,122,000

  Geo Method

  $43,122,000

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $68,907,300

  Mixed-Use / Specialty

  $34,450,900

  Hospitality / Lodging

  $24,839,400

  Office

  $33,897,300

  Institutional / Educational

  $35,695,300

  Residential Income

  $41,763,500

  Multifamily

  $51,945,800

  Automotive / Energy

  $30,596,000

  Parking / Income-Based Land

  $10,889,200

  Restaurant / Food Service

  $17,203,300

  Healthcare / Senior Housing

  $35,672,200

Location Insight

City

Santa Ana

County

Orange

State

California

Latitude

33.7462

Longitude

-117.841

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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