Freestanding Building in Business
1516 Brookhollow Drive Santa Ana, CA 92705
1516 Brookhollow Drive, Santa Ana, CA, 92705
$2,950,000
For Sale
$2,950,000
13,084 SF building in Santa Ana near freeways.
Property Size13,084 SF
Price / SF$225.47
Days on Market119
Property Features for 1516 Brookhollow Drive
General Information
- Standard status
- Active
- Size
- 13,084 SF
- Property subtype
- Office
Listing agency
CBRE
(949) 725-8481
Listed by
Ross Fippinger · License #01450571
(949) 725-8481
Source
Cbre
Added: Mar 25 Updated: Jul 6 at 12:30PM Checked: Jul 21 at 4:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE
Investment Insights
Based on property information with market context.
This is a freestanding building with ±13,084 square feet of space, situated within a well-maintained business park. The zoning allows for multiple uses. The property includes parking at a ratio of 3.5:1 cars. It is located one minute from the 55 and 5 freeways and has visibility from the Costa Mesa (55) Freeway. This property is available for investment or owner-user sale.
Key Highlights
- ±13,084 SF Freestanding Building
- 1 Minute to the 55 & 5 Freeways
- Zoning Allows for Multiple Uses
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $337.6k | $25.80 |
| − Vacancy | −$62.4k | −$4.77 |
| EGI | $275.1k | $21.03 |
| − OpEx | −$68.8k | −$5.26 |
| NOI | $206.3k | $15.77 |
13,084 SF · lease $25.80/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.95M
$2.58M – $3.44M
NOI $206,338 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.93M
$3.44M – $4.59M
NOI $275,255 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Grove Recovery Community
Medical Clinic
Ministerios Pentecostes Alto ...
Church
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 13,084 SF building in Santa Ana near freeways.
Where is this office building located?
The property is located at 1516 Brookhollow Drive Santa Ana, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: ±13,084 SF Freestanding Building; **1 Minute to the 55 & 5 Freeways**; Zoning Allows for Multiple Uses
