3242 S Halladay St - Loft/Creative Space FOR SALE


Santa Ana, CA 92705
$6,500,000 USD
818-212-2776
3242 S Halladay St, Santa Ana, CA for Sale
$6,500,000 USD
Loft/Creative Space - FOR SALE
1/22
null | Request Cap Rate

3242 S Halladay St
Santa Ana, CA 92705


HIGHLIGHTS

  • Owner User/Investor Opportunity
  • Situated on hard corner 0.93 Acre M1 Zoned Lot
  • 76 Covered & Exterior Parking Spaces (3.11/1,000 SF)
  • Pride of Ownership Asset | Substantial Renovation in 2020
  • Gated and Secured Parking Lot with Access from East and South of Building
  • Close Proximity/Easy Access to 5, 55, and 405 Freeways | 55 Freeway – 266,000 VPD

OVERVIEW

Marcus & Millichap and Stream Realty Partners are pleased to present 3242 S Halladay Street in Santa Ana, California, a recently renovated two-story flex building positioned for an Owner User or Investor. The building is approximately 24,468 square feet and is situated on a hard corner M1 zoned parcel, totaling 0.93-acres. The property has been the headquarters of Unrivaled Brands, Inc. (ORT: UNRV; https:// unrivaledbrands.com/), a west-coast vertically integrated cannabis company. At the close of escrow, the Property is to be Delivered Vacant. Alternatively, an investor will have the ability to immediately reposition the vacancy at market rent and achieve an above market return. Contact Agent regarding existing Certificate of Occupancy. Originally built in 1971, the property underwent substantial renovation in 2020. The creative build-out features multiple large conference rooms, an extensive full kitchen/break area, and multiple glass executive suites. The property is well parked with 76 stalls or 3.11 per 1,000 SF (covered and exterior spaces). Located in the dense infill city of Santa Ana, the property falls on the border of the Santa Ana and Irvine/Tustin Legacy Office Submarket has great access to multiple freeways including the 5, 55, & 405 and is minutes away from the John Wayne International Airport. The asset also boasts great

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$266 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Storefront Retail/Office, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

M-1

APN/PARCEL ID

411-151-04

ASK ABOUT THIS PROPERTY

Brin HamblinAgnew | Serling GroupMore Info
818-212-2776

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Brin HamblinAgnew | Serling GroupMore Info
818-212-2776

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.