3601 Harbor BlvdSanta Ana, CA 92704

Property Details for 3601 Harbor Blvd

Year built

1985

Lot size

8.96 AC

Property size (Sq ft)

154,116 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

414-261-07

APU

41426107

Description

This exceptional 4-building office campus, totaling 151,739 rentable square feet, sits on a substantial 8.96-acre lot in Santa Ana's desirable South Coast Metro area. Built in 1980, the two-story buildings boast 574 parking spaces and are currently 61% occupied by 18 tenants, offering a weighted average remaining lease term of approximately 3.4 years. The property's zoning (P - Professional) allows for a variety of uses. Its strategic location provides easy access to major freeways (405, 55, 73, 22, and I-5), John Wayne Airport (within 5 miles), and numerous retail and residential amenities, including South Coast Plaza and Fashion Island. The significant amount of vacant space (approximately 59,434 square feet) presents a compelling owner-user opportunity, allowing for immediate occupancy and expansion. Furthermore, the property's size and configuration offer a potential break-apart strategy, allowing for the sale of individual buildings to maximize value. Orange County's robust economic fundamentals, projected job growth (approximately 72,000 new jobs in the next 5 years), and strong rent growth projections make this a compelling investment opportunity with multiple paths to upside. The property's APN is 414-261-07.

• CAP approach

  CAP return

  Valuation

  6%

  $60,410,720

  6.5%

  $55,763,740

  7%

  $51,780,616

• Comparable approach

  Method

  Valuation

  Relative Method

  $71,460,504

  Geo Method

  $71,460,504

• Alternative Use

  Use

  Valuation

  Residential

  $47,038,804

  Hospitality

  $43,087,292

  Educational

  $35,848,120

  Medical

  $37,080,992

  Retail

  $55,763,740

Location Insight

City

Santa Ana

County

Orange

State

California

Latitude

33.6984

Longitude

-117.918

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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