Investment Sale Opportunity

1004 W Taft Ave Orange, CA 92865

1004 W Taft Ave, Orange, CA, 92865
1004 W Taft Ave, Orange, CA, 92865
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$8,000,000
Last Verified:
Feb 05, 2020

Highlights

  • Parking: 4.0 per 1,000 SF
  • 100% HVAC
  • Security Controlled
  • Elevator Served
  • Corner Location Building
  • Monument Signage
  • Close to 57 Freeway

Description

1004 W. Taft Avenue located at the corner of Taft and Batavia Avenue, Orange, California. The building totals +/- 21,696 square feet and is divided into two separate suites of 13,018 and 8,678.

The current tenants, Lee & Associates Commercial Real Estate Services, Inc. - Orange, and Challenge Financial Services, Inc., have occupied the building since Nov. 2006. The current leases commenced November 1, 2016 and will end October 31, 2024. There are annual rent adjustments during the lease term. Both leases have options to extend for two (2) additional five year terms at fair market value.

Close access to 57 Freeway

Building Size: 21696.0sq ft
Building Class: B
Lot Size: 1.25 acres

Map of 1004 W Taft Ave, Orange, CA, 92865

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.