MLS® ID: PW19056018
120 W 5th Street
Santa Ana, California, 92701 $9,999,999
For Sale - The Ramona Building which is located in the Heart of Downtown Santa Ana. The Ramona Building is approximately 33,817 SF and is a fully stabilized multi-tenant investment property which is currently registered as a "Mills Act" property providing tax savings and limited exposure to property tax increases. The building offers recent renovations bringing a historic building to almost new on the interior and is occupied by a diverse mix of tenants, including Esports Arena (Orange County), SVN | Vanguard Commercial Real Estate and Financial Advocates Inc, in one of fastest transitioning submarkets of Orange County. Additionally, this property is located in an "Opportunity Zone" creating a favorable investment for years to come. This building provides outstanding visibility and is situated adjacent to a multi-story, city owned, parking structure providing sufficient parking for a nominal fee.
The Ramona Building is ideally located in the Heart of Downtown Santa Ana and located on 5th Street (8,000 vehicles per day) and near the intersections of Main Street (31,000 vehicles per day) and 1st Street (43,000 vehicles per day) for a total of over 82,000 vehicles passing nearby during the day.
The Ramona Building will be marketed free and clear of any existing financing, creating an opportunity to place creative financing tailored to an investors desired hold period and risk profile coupled with our current marketplace financing to further enhance returns.