FOR SALE - "Historic" Builders Exchange Building

200 N. Main Street Santa Ana, CA 92701

Medium_full
Builders Exchange Building
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FOR SALE Incentives
Property Type:
Multi Tenant Office
Amount:
$6,150,000
Last Verified:
May 22, 2017

Highlights

  • Approximately 34,011+/- SF Historic Office Building in Downtown Santa Ana, built in 1928
  • Fantastic Owner/User or Investment opportunity
  • High Quality, Mixed Use Historic Building
  • Adjacent Parking Lot Development
  • Two stories with mezzanine and secured underground parking area
  • Walking distance to numerous amenities including restaurants, theaters, art galleries, museums and more
  • Creative office, general office, storefront retail, and restaurant use possibilities

Description

FOR SALE - LEE & ASSOCIATES – ORANGE, as exclusive advisors, is pleased to present the rare opportunity to acquire the "historic” Builders Exchange Building located at 200 N Main Street in the heart of Downtown Santa Ana (The “Property”). Built in 1928 and completely rehabbed in 2014, the two story Property is 34,000 +/- square feet, elevator served, and includes a total of seventy five (75) parking stalls. The Property is surrounded by numerous retail amenities including modern local restaurants, urban store fronts, music theatres, museums and more.

The Property is located on the northwest corner of 2nd St and Main St in the heart of Downtown Santa Ana and is surrounded by numerous retail amenities including modern local restaurants, urban store fronts, music theatres, museums and more. Downtown Santa Ana was recently named one of America’s “Great Neighborhoods’ by the American Planning Association (APA) and the city has recently approved the downtown street car project.


Year Built: 1928
Building Size: 34011.0sq ft
Building Class: B
Lot Size: 0.0 acres

Map of 200 N. Main Street, Santa Ana, CA, 92701

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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.