120 W 5th Street, Santa Ana, CA 92701

$9,999,999
33,817
SqFt
List Price
$9,999,999
Status
ACTIVE
MLS#
PW19056018
Year Built
1922
Living Sq. Ft
33,817
Days on Market
74
Property Type
Commercial
Property Sub Type
Office

Property Description

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.

Additional Information

Taxes
$45,365
Lot Description
Card/Code Access, Fire Sprinkler System
Heat
Central
Cooling
Yes
Cooling Description
Central Air
Water
Public
Total Number of Units
6

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Cameron Irons from SVN / Vanguard

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.