3242 S Halladay St | Santa Ana, CA 92705
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- LoopNet Team
3242 S Halladay St
Santa Ana, CA 92705
The Spot - Santa Ana Dispensary · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Strong Tenancy – Unrivaled Brands, Inc. (OTC: UNRV), a multi-state operator, is a west-coast vertically integrated cannabis company.
- "Sticky” Tenant - Unrivaled has invested millions in the building, with the most recent renovation being completed in 2020.
- High Yield Returns – This is a unique investment opportunity that offers very high cash returns.
- Limited Dispensary Market – The City of Santa Ana does not permit relocation of cannabis retail permits, which only has a maximum of 30 permits.
- Supportable Rental Rates and Sale Price – Rents are at market for non-cannabis tenants and easily replaceable.
- Dense, Infill Orange County
PROPERTY FACTS
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
24,468 SF
Building Class
B
Year Built/Renovated
1971/2020
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,375 SF
Slab To Slab
11’
Building FAR
0.60
Lot Size
0.93 AC
Zoning
M-1 - Light Industrial
Parking
53 Spaces (2.17 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Atrium
- Controlled Access
- Conferencing Facility
- Fenced Lot
- Signage
- Skylights
- Reception
- Air Conditioning
- Fiber Optic Internet
PROPERTY TAXES
| Parcel Number | 411-151-04 | Improvements Assessment | $2,181,352 |
| Land Assessment | $3,166,879 | Total Assessment | $5,348,231 |
PROPERTY TAXES
Parcel Number
411-151-04
Land Assessment
$3,166,879
Improvements Assessment
$2,181,352
Total Assessment
$5,348,231
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