2100 E 4th St
Santa Ana, CA 92705
Mexican Consulate · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Government Lease
- Below Market Rents allow for future increase in returns OR redevelopment for multifamily or senior housing.
- Credit Rated Tenant - Consulate of the United Mexican States
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Signage
ABOUT 2100 E 4TH ST , SANTA ANA, CA 92705
This two-story office building is located in the Park Center Submarket of Orange County and is currently 100% leased to the Consulate of The United Mexican States, one of the busiest locations for the Mexican Consulate. Built in 1975, the Property is situated on 1 parcel totaling ±1.27 acres and is located directly between the 5 and 55 Freeways, within an area that many multifamily developers have identified for their next development grounds. This is the opportunity to purchase a single tenant building with a very stable government tenant. Rental rates are below market, but purchasing this property provides an opportunity to (a) bring the tenant to market rates upon expiration for a 46.62% 2yr IRR or 15.48% 10yr IRR, (b) identify a new tenant willing to pay market rents, or (c) explore the redevelopment opportunities for multifamily or senior housing in this area
PROPERTY TAXES
| Parcel Number | 400-091-01 | Improvements Assessment | $1,284,374 |
| Land Assessment | $1,671,050 | Total Assessment | $2,955,424 |
