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MLS® ID: PW19056018

120 W 5th Street

Santa Ana, California, 92701

$9,999,999 Active
  • - SQFT
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.
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Listing courtesy of SVN / Vanguard

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    92701
  • Office name
    SVN / Vanguard
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Office
  • Zoning type
    DT
  • Year built
    1922
  • Lot size
    12227.00
  • Heating
    Central Furnace
  • Tax year
    2019
  • Agent name
    Cameron Irons
  • Tax amount
    $ 45365.0
  • Purchase Type
    Active
  • Price Range
    $2m+
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    N858
  • Agent ID
    NIRONCAM

Location

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