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888 W Santa Ana Blvd 20,170 SF Office Building Santa Ana, CA 92701 $6,303,550 ($312.52/SF) 3.89% Cap Rate
Investment Highlights
- Prime Civic Center Location
- Excellent Owner / User Opportunity
- Walking Distance to the Court House
- Surface & Covered Parking Available
Executive Summary
This ±20,170 square foot multi-tenant office building presents an exceptional opportunity for investors or owner/users seeking a centrally located asset in the heart of Santa Ana. Positioned within the Santa Ana Civic Center, the property is surrounded by major governmental and judicial facilities, including the Orange County Courthouse and administrative offices, creating a consistent demand for professional office space.
The building offers a multi-tenant layout with a versatile design suited for medical, legal, and professional services. Its prime location ensures excellent visibility along West Santa Ana Boulevard and North Flower Street, two major thoroughfares that connect to key regional arteries such as Interstate 5, SR-55, and SR-22—all within minutes.
The property includes surface and covered parking, enhancing convenience for employees and visitors. Attractive outdoor areas, balconies, and interior courtyards provide a pleasant work environment, supporting strong tenant retention. Regional amenities, including restaurants, banking services, and civic resources, are easily accessible, while John Wayne Airport is just six miles away. With flexible occupancy options and a major presence within the Government Center, this property offers solid long-term value and upside potential for investors seeking income stability.
The building offers a multi-tenant layout with a versatile design suited for medical, legal, and professional services. Its prime location ensures excellent visibility along West Santa Ana Boulevard and North Flower Street, two major thoroughfares that connect to key regional arteries such as Interstate 5, SR-55, and SR-22—all within minutes.
The property includes surface and covered parking, enhancing convenience for employees and visitors. Attractive outdoor areas, balconies, and interior courtyards provide a pleasant work environment, supporting strong tenant retention. Regional amenities, including restaurants, banking services, and civic resources, are easily accessible, while John Wayne Airport is just six miles away. With flexible occupancy options and a major presence within the Government Center, this property offers solid long-term value and upside potential for investors seeking income stability.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
20,170 SF
Building Class
C
Year Built
1981
Price
$6,303,550
Price Per SF
$312.52
Cap Rate
3.89%
NOI
$245,310
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,724 SF
Building FAR
0.53
Lot Size
0.87 AC
Opportunity Zone
Yes
Zoning
CD - Civic Development
Parking
56 Spaces (2.83 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Property Manager on Site
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 398-212-16 | Improvements Assessment | $1,834,884 |
| Land Assessment | $1,586,287 | Total Assessment | $3,421,171 |
Property Taxes
Parcel Number
398-212-16
Land Assessment
$1,586,287
Improvements Assessment
$1,834,884
Total Assessment
$3,421,171
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888 W Santa Ana Blvd
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