Main Street Lofts — Sale in Santa Ana, CA

  • Price: $14.5M
  • Listing type: For sale
  • Asset type: Business
  • Location: Santa Ana, CA 92701

Description

In 1971, the Crocker Bank Building was erected in Downtown Santa Ana at the corner of North Main Street and Washington Blvd. Built in the contemporary style of modern functionalism, the building hosted a range of office tenants from public and private entities for most of its lifespan to date. Current ownership is prepared to deliver the property vacant and free and clear of any encumbrances easing the eventual conversion construction process. The building itself is constructed of a smooth painted concrete exterior with a flat built-up composition roof. Three elevators serve all nine stories along with two interior stairways and at least two restrooms per floor. Current build outs range from completely vacant floors with no demising walls to others finished with drywall partitions in a traditional office layout. The building’s open floor plates are extremely conducive to residential conversion with limited obstructions and thirteen vertical columns running lengthwise (north/south) down the center of the structure. Fire protection systems include a dry standpipe and hoses; the building is not equipped with a fire sprinkler system. A small, enclosed utility structure sits on the roof, housing HVAC, water heater, elevator room and other equipment, accessible by the north interior stairway. Immediately to the west and on the same parcel as the building sits the property’s own two-story parking garage. At grade with one level above, the garage provides approximately 271 parking spaces and is accessible by curb-cuts on North Main and Sycamore Streets. Additionally, a parking license agreement exists with the ownership of 812 North Sycamore Street conveying the use of 100 parking spaces immediately across the street from the subject to the west. This 30-year agreement expires in January of 2037 with multiple options for the Licensee (1200 N. Main St. owner) to extend. An as-built set of floor plans completed by a licensed architect in 2007 calculates the total gross buildi

Market Context

This commercial property in Santa Ana, CA is listed for sale at $14,500,000. It has been on the market for 13 days. Compare it against other commercial property listings for sale in Santa Ana, CA — view the full market.

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