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500 S Main St
Orange, CA 92868
North Tower · Office Property For Sale
Investment Highlights
- Core-Plus Office Asset with Durable Income and Embedded Upside
- Significant Government and Credit Tenancy Provides Income Stability
- Strong Historical Occupancy Performance
- Strong Parking Ratio + Campus-Style Access
Executive Summary
BEST-IN-MARKET OFFICE OPPORTUNITY | 43% OF RBA GOVERNMENT CREDIT WITH STRONG WALT
+ Core-Plus Office Asset with Durable Income and Embedded Upside
500 South Main Street offers investors the opportunity to acquire a highly leased, institutionally maintained Class A office tower with stable in-place cash flow and multiple avenues for long-term NOI growth. The Property is currently approximately 99% occupied with a weighted average lease term of ±5.0 years, providing near-term income visibility while allowing future mark-to-market opportunities through scheduled lease roll and rental rate growth.
+ Strong Historical Occupancy Performance
Since 2007, the Property has averaged an occupancy rate of more than 94%, significantly higher than the submarket’s average occupancy for the period.
+ Significant Government and Credit Tenancy Provides Income Stability
Approximately 43% of the Property’s rentable area is leased to the County of Orange, delivering a highly durable, recession-resistant income stream. The Orange County Assessor occupies a substantial and expanding footprint with lease terms extending into 2034, reinforcing long-term cash flow certainty. Additional credit tenancy includes U.S. Bank and established healthcare and professional service users, creating a diversified and defensive rent roll.
+ Irreplaceable Location in Orange County’s Premier Medical Corridor
The Property occupies a full city block directly adjacent to CHOC Children’s Hospital and Providence St. Joseph Medical Center, placing it at the heart of Orange County’s premier healthcare and employment corridor. This location supports sustained demand from medical, healthcare-adjacent, and professional tenants and provides defensive leasing characteristics through economic cycles.
+ LEED Silver & Energy Star Certified – Lower Operating Risk
500 South Main Street is LEED Silver and Energy Star certified, supporting operating efficiency, tenant retention, and long-term competitiveness. Sustainable design and modern building systems help mitigate operating expense growth and enhance tenant demand in an increasingly ESG-conscious investment environment.
+ Strong Parking Ratio + Campus-Style Access
The Property offers a ±4.0:1,000 parking ratio, including a dedicated parking structure, a meaningful competitive advantage in Central Orange County. Full-block site control provides excellent ingress/egress and visibility along the Garden Grove (22) Freeway.
Property Facts
Amenities
- Courtyard
- Food Service
- Property Manager on Site
- Energy Star Labeled
- Car Charging Station
Sustainability
Sustainability
LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)
