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$9,200,000
Est. payment /mo
35,419 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 35,419 sqft
Price per Sqft $259
MLS Listing ID CL26828233
HOA Y/N No
Year Built 1923
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Comm Ind For Sale
Property Description
106 West represents a rare value-add acquisition in the heart of historic downtown Santa Ana. Spanning 35,419 square feet above a basement vault, the six-story mixed-use property combines approximately 60% office and 40% retail occupancy. Currently 70% leased, this asset offers immediate income stability with significant upside potential through targeted leasing and repositioning efforts. Originally constructed in 1923 for the First National Bank, 106 West features unique structural characteristics including steel-frame and concrete construction, expansive floor plates of 5,500 SF, and abundant natural light highlighted by exposed brick and concrete finishes. Four floors have undergone extensive renovation, creating modern creative office environments with high ceilings and original detailing. Situated in Santa Ana's vibrant Artists Village and Civic Center area, the property benefits from strong demand generators such as government offices, cultural institutions, and a growing base of dining and retail amenities. Accessibility will further improve with the pending debut of the OC Streetcar line in 2026, positioning this address as one of the most transit-connected locations in Orange County. Additional investor appeal comes from Mills Act tax advantages and proximity to major infrastructure improvements totaling $54 million. This offering presents a unique combination of stabilized cash flow, future leasing upside, and enduring historical significance in a rapidly evolving downtown market.
Location
State CA
County Orange
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 39826407
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Listed by Geoffrey Dewolf • Economos Dewolf, Inc.
NEARBY SCHOOL & BUSINESS
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