801 N Ross St - Office FOR SALE


Santa Ana, CA 92701- Willard
$2,650,000 USD
310-350-6505
801 N Ross St, Santa Ana, CA for Sale
$2,650,000 USD
Office - FOR SALE
1/10
null | 6.64% Cap Rate

801 N Ross St
Santa Ana, CA 92701
Willard


HIGHLIGHTS

  • Irreplaceable Civic Center Location – Directly across from the Santa Ana jail facilities and within walking distance to the Courthouse
  • Long-Term Entrenched Tenant – Purpose-built for Aladdin Bail Bonds and occupied by the tenant since 2007, reflecting nearly two decades
  • Strong Passive Income Profile – Offered at $2,650,000 with current annual rent of $175,920, representing a 6.64% cap rate with an effectively NNN
  • Specialized, Barrier-to-Entry Use – Property benefits from a Special Conditional Use Permit for bail bond operations in a tightly regulated zoning
  • Quality Newer Construction – Two-story ±4,168 SF office building built in 2007 with steel frame, concrete, and granite finishes
  • Corner Lot with Parking Advantage – Situated on an ±11,583 SF corner parcel with excellent visibility, strong street presence

OVERVIEW

Rare opportunity to acquire a fully stabilized single-tenant office investment in the heart of the Downtown Santa Ana Civic Center. Located at 801 N. Ross Street, this purpose-built two-story office building was constructed in 2007 for Aladdin Bail Bonds and has been occupied by the tenant for nearly two decades, offering investors durable tenancy in one of the most specialized legal and governmental corridors in Southern California. The property contains approximately 4,168 square feet on an 11,583 square foot corner lot with strong street presence, excellent visibility, and an attractive on-site parking ratio of approximately 2.63 spaces per 1,000 square feet. The asset is offered at $2,650,000 and is 100% leased, generating current annual rent of $175,920, which equates to a 6.64% cap rate on current income. The lease is effectively NNN, with the tenant paying property taxes, utilities, and most maintenance, resulting in a low-management investment profile. Aladdin Bail Bonds, the largest bail bond operator in California, occupies the property under a lease running through May 31, 2027, and has expressed interest in extending early. What makes this offering especially compelling is its irreplaceable location directly across from the Santa Ana jail facilities and within immediate proximity to the Orange County Superior Court, Ronald Reagan Federal Building, U.S. District Court, ICE, ATF, and numerous other city, county, and federal agencies. In addition, the property benefits from a Special Conditional Use Permit allowing bail bond use in a tightly regulated zoning environment, creating a significant barrier to entry and making this a highly defensible location for the current tenant’s business

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$636 USD /SF

CAP RATE

6.64%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aladdin Bail Bonds NNN

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,567 SF

ZONING

Professional

APN/PARCEL ID

005-181-26

ASK ABOUT THIS PROPERTY

Pasha DarvishianDarvishian Investment GroupMore Info
310-350-6505

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Pasha DarvishianDarvishian Investment GroupMore Info
310-350-6505

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