2024 N Broadway
Santa Ana, CA 92706
71% Leased Office Building - 6 CAP on Actuals · Office Property For Sale

Value add property with lease up and cosmetic upgrades. Glass and steel three story office building with 75 feet of street frontage on busy Broadway in Santa Ana. Seller financing available for qualified buyers. 3rd floor 4682 SF ready to be occupied. First and second floors provide substantial income. Current gross income of $257,247 PROs: Large floor to ceiling windows on most exterior offices. Roof was completely resurfaced in 2015 with white silicone which reduces operating costs, heat and environmental damage. High income area of Santa Ana - Median income on immediate area $140,000 (per City-data narrowed down on Broadway & back street) - Close to all amenities & 1 minute to highways - Low risk of vacancy as small/medium units are in demand. - 45 onsite parking spaces, most covered. Additional abundant parking next door can be leased at low rates - Large roof top deck area not utilized CONs: - Costmetic repairs needed: old paint, soiled carpet, etc.Renovated and modernized in 2008.