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- LoopNet Team
1600 N Broadway
Santa Ana, CA 92706
The Broadway Bldg · Office Property For Sale
PROPERTY FACTS
ABOUT 1600 N BROADWAY , SANTA ANA, CA 92706
The subject property is a great opportunity for both owner user and investor. With about 50,000 SF available, an owner user can easily move in and use the remaining space as a corporate headquarters. An investor can drastically increase the NOI by the lease up of the remaining vacancies. The low price per SF of $107/SF puts the price below replacement cost and also below recent sale comparable. ELEVATOR MODERNIZATION PLAN COMPLETED. ASBESTOS CLEARANCE COMPLETED. The city of Santa Ana will also support adaptive reuse for multi-family and hotel conversion. The close proximity to the court houses and downtown offers a great amenity that attracts tenants like law firms, marketing companies, call center, and other entrepreneurs. The on-site parking will also assist in attracting the best tenants in a market area where parking is scarce.
PROPERTY TAXES
| Parcel Number | 005-151-32 | Improvements Assessment | $6,120,000 |
| Land Assessment | $10,200,000 | Total Assessment | $16,320,000 |
PROPERTY TAXES
