625 N Grand Ave
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Investment Highlights
- 625 N Grand Avenue is an investment for a company to benefit from a full building identity or redevelopment plan, 625IVE in Santa Ana, CA.
- Six-story office building featuring an on-site auditorium, theatre, cafeteria, outdoor patio/balcony, parking structure, and excess land.
- 625IVE is a transit-oriented urban live/work/play redevelopment project to create a well-needed urban core feeling in the heart of Santa Ana.
- Access everything in SoCal, 625 Grand Ave is adjacent to the OC Streetcar light rail and right off a direct four-way interchange of I-5.
Executive Summary
625 N Grand Avenue, the former headquarters of the Orange County Register, is an existing six-story (including basement) 184,086-square-foot office building ideal for a single user. With approximately 31,000-square-foot floor plates, it includes an on-site auditorium, theatre, cafeteria, and a large outdoor patio/balcony on the 4th floor. There is an adjacent 155,000-square-foot, elevator-served parking structure with direct access to the office building. Parking is available at a ratio of 4/1,000 and can be expanded as needed. Multiple building top signage opportunities offer an unbelievable identity visible from the highly traveled Interstate 5 Freeway.
Additionally, 625 N Grand Ave is part of the conceptual plan known as 625IVE, which will be a 20-acre mixed-use transit-oriented redevelopment site. This freeway-adjacent, city-block redevelopment is conceived as a game-changing urban live/work/play project providing the region with a much-demanded true urban core. The potential mixed-use urban campus will include an office, new retail, new residential, hotel, condos & apartments, direct access to light rail across the street, a café, an outdoor auditorium, volleyball & basketball courts, an outdoor deck, and a pedestrian path throughout.
The sale of 625 Grand Avenue includes an attached 155,000-square-foot parking garage and 44,226 square feet of excess land. 625 Grand Avenue is centrally located at the four-way interchange off Interstate 5 Freeway, across the street from the OC Streetcar light rail with direct access to county-wide bike paths and within walking distance of 20 Zagat-rated restaurants in Downtown Santa Ana.
Additionally, 625 N Grand Ave is part of the conceptual plan known as 625IVE, which will be a 20-acre mixed-use transit-oriented redevelopment site. This freeway-adjacent, city-block redevelopment is conceived as a game-changing urban live/work/play project providing the region with a much-demanded true urban core. The potential mixed-use urban campus will include an office, new retail, new residential, hotel, condos & apartments, direct access to light rail across the street, a café, an outdoor auditorium, volleyball & basketball courts, an outdoor deck, and a pedestrian path throughout.
The sale of 625 Grand Avenue includes an attached 155,000-square-foot parking garage and 44,226 square feet of excess land. 625 Grand Avenue is centrally located at the four-way interchange off Interstate 5 Freeway, across the street from the OC Streetcar light rail with direct access to county-wide bike paths and within walking distance of 20 Zagat-rated restaurants in Downtown Santa Ana.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
184,086 SF
Building Class
B
Year Built
1986
Price
$47,000,000
Price Per SF
$255
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
30,681 SF
Slab To Slab
13’
Building FAR
1.20
Land Acres
3.51 AC
Opportunity Zone
Yes
Zoning
SD-21, GC; Opp Zone - Government Center
Parking
690 Spaces (3.75 Spaces per 1,000 SF Leased)
Amenities
- Property Manager on Site
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- Basement
- 30,534 SF
- Office
- -
- 30 Days
Space | Size | Space Use | Condition | Available |
Basement | 30,534 SF | Office | - | 30 Days |
1st Floor | 27,465 SF | Office | - | 30 Days |
2nd Floor | 31,817 SF | Office | - | 30 Days |
3rd Floor | 31,817 SF | Office | - | 30 Days |
4th Floor | 31,507 SF | Office | - | 30 Days |
5th Floor | 30,946 SF | Office | - | 30 Days |
Basement
Size |
30,534 SF |
Space Use |
Office |
Condition |
- |
Available |
30 Days |
1st Floor
Size |
27,465 SF |
Space Use |
Office |
Condition |
- |
Available |
30 Days |
2nd Floor
Size |
31,817 SF |
Space Use |
Office |
Condition |
- |
Available |
30 Days |
3rd Floor
Size |
31,817 SF |
Space Use |
Office |
Condition |
- |
Available |
30 Days |
4th Floor
Size |
31,507 SF |
Space Use |
Office |
Condition |
- |
Available |
30 Days |
5th Floor
Size |
30,946 SF |
Space Use |
Office |
Condition |
- |
Available |
30 Days |
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1st Floor
Size | 27,465 SF |
Space Use | Office |
Condition | - |
Available | 30 Days |
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2nd Floor
Size | 31,817 SF |
Space Use | Office |
Condition | - |
Available | 30 Days |
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3rd Floor
Size | 31,817 SF |
Space Use | Office |
Condition | - |
Available | 30 Days |
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4th Floor
Size | 31,507 SF |
Space Use | Office |
Condition | - |
Available | 30 Days |
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5th Floor
Size | 30,946 SF |
Space Use | Office |
Condition | - |
Available | 30 Days |
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
36,578
286,899
663,057
2024 Population
36,008
281,358
647,248
Population Growth '20-'24
-1.6%
-1.9%
-2.4%
2020 Households
9,989
78,179
193,768
2024 Households
9,901
77,012
189,738
Household Growth '20-'24
-0.9%
-1.5%
-2.1%
Average Age
35
37
37
Median Household Income
$64,709
$81,471
$90,684
Daytime Employees
23,788
152,546
412,773
Total Businesses
4,046
21,616
48,037
College Degree + Higher
14%
21%
28%
PROPERTY TAXES
Parcel Number | 398-061-42 | Improvements Assessment | $0 |
Land Assessment | $1,387,824 | Total Assessment | $1,387,824 |
PROPERTY TAXES
Parcel Number
398-061-42
Land Assessment
$1,387,824
Improvements Assessment
$0
Total Assessment
$1,387,824
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Presented by
625 N Grand Ave
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