First Street Plaza | Rare OC Shopping Strip

3520 W. First Street, Santa Ana, CA 92703

Property Description

Price: $4,485,000
Price Per/SF: $593.25
Land Area: ±30,771 Square Feet
Cap Rate: 5.75%
Gross Leasable Area: ±7,560 Square Feet
Year Built: 1978

Investment Highlights

High-Visibility Retail Strip Center in a Prime Santa Ana Location – Excellent Exposure on W. First Street (±30,000 Cars Per Day)

Ample Parking Availability – The Subject Property Features Both Front and Rear parking with 37 Total Spaces, Providing a Favorable Parking Ratio of 4.89 spaces per 1,000 SF

Excellent Real Estate Fundamentals – Daytime Population Counts Exceed 799,000 Within a 5-Mile Radius

Rare Orange County Shopping Strip

  • Established Tenancy – Multiple Tenants Have Occupied The Property For Nearly 40 Years, Reflecting Strong Tenant Commitment to the Location | New Tenants are Experienced Operators with Multiple Locations Under Management
  • Long-Term Leases with Annual Increases – Most Tenants Have Annual Rental Escalations, Providing for an Excellent Hedge Against Inflation
  • Improvements Underway – Seller Improvements Include Updated Tenant and Property Signage, Fresh Paint, And Various Other Upgrades, Enhancing Curb Appeal And Long-Term Value

Strong Real Estate Fundamentals

  • Dense, Infill Area – Population Counts Exceed 738,000 Within 5 Miles and Average Household Income Exceeds $106,000 Within 5 Miles
  • Proximity To Harbor Boulevard – Located One Block from Boulevard, A Key Commercial Artery In Santa Ana, Enhancing Accessibility And Traffic
  • Strategic Location Near Major Freeways – Centrally Located Near The 22, 405, 55, And 5 Freeways, Offering Easy Access For Customers And Tenants
  • Multiple Points of Ingress and Egress Along W. First Street

Contact Information

Ron Duong
Ron Duong
Senior Managing Director Investments
(949) 419-3233
[email protected]
License: CA 01438643
Tom Gioia
Senior Vice President (Lee & Associates)
License: CA 01219394

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