Owner User Opp. Highly Upgraded Building 1043 Civic Center Dr W 8,432 SF 88% Leased Office Building Santa Ana, CA 92703 $3,699,188 CAD ($438.71 CAD/SF) 2.34% Cap Rate

INVESTMENT SUMMARY arcus & Millichap is pleased to offer for sale 1043 Civic MCenter Drive West, a high-quality two-story office building located in the city of Santa Ana, California. This building consists of approximately 8,500 square feet and is situated on 0.40 acres. Located just a city block west of the Orange County Superior Courthouse and directly across from the Santa Ana Police Department, Orange County Sheriff’s Department and Orange County Jail facilities, this property is ideally suited for the legal profession or other services who have a need to interact with various civic (federal, state and county) legal divisions. Also located immediately nearby are the Federal Court and California Appellate Court facilities.
Originally built in 1955 and then later effectively re-built in 2006 after having suffered a fire that destroyed the entire second floor, the building consists of steel frame construction with stucco and glass exterior. According to the owner there-build was performed at tremendous expense to meet or exceed the newer earthquake standards, along with superior soundproofing and a green design including florescent lights and special insulation. The current configuration is comprised of four office suites ranging in size from approximately 500 to 5,300 square feet. The building provides ample surface parking via a rear parking lot, along with additional off-site parking. With an attractive lobby and flexible floor plans, the building is well suited for a single-tenant, multi-tenant, or an executive suites office operation.
With the option to occupy the building, 1043 Civic Center Drive West is well suited for either an owner/user or a long-term investor. An owner/user can choose to occupy all the property or occupy a portion and lease out the remaining vacant space. Alternatively, an investor can purchase this desirable, well-located building at attractive pricing for a newer building in an irreplaceable location.