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625 N Grand Ave

184,086 SF 100% Leased Office Building Santa Ana, CA 92701 $47,000,000 ($255/SF)

Virtual Tour

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.

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
  • 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
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

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

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
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

PROPERTY TAXES

Parcel Number
398-061-42
Land Assessment
$1,387,824
Improvements Assessment
$0
Total Assessment
$1,387,824
  • Listing ID: 27879536

  • Date on Market: 3/3/2023

  • Last Updated:

  • Address: 625 N Grand Ave, Santa Ana, CA 92701

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