530 Main St Orange, CA 92868

Property Details for 530 Main St

Year built

1966

Lot size

0.35 lot acres

Property size

80,095 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

Description

This exceptional Class A office building, located at 530 S Main St, Orange, CA 92868, offers 80,095 square feet of net rentable space across six stories in one building. Currently 100% occupied by three tenants, including a major anchor tenant (Western Dental) with a long-term lease, the property boasts a strong historical occupancy rate averaging 97.5% since 2006. The building, constructed in 1966 and extensively renovated in 2020, benefits from approximately $2.5 million in recent capital improvements and is situated on a 0.347-acre lot. The property generates a significant NOI of $2,101,940. Its prime location offers exceptional visibility and accessibility, adjacent to the Garden Grove (22) Freeway and less than half a mile from the Santa Ana (5) junction. The building is directly across from Children's Hospital of Orange County and Providence St. Joseph Medical Center, and near the MainPlace Mall, a major shopping and entertainment destination undergoing significant redevelopment. The surrounding area is experiencing substantial residential densification, with over 1,000 luxury units planned within close proximity. This investment-grade property presents a compelling opportunity due to its strong tenant base, high occupancy, and strategic location within a rapidly growing area. The campus has seen significant capital investment totaling approximately $35 million since 2007. The weighted average lease term remaining is approximately 5.7 years.

Location Insight

City

Orange

County

Orange

State

California

Longitude

-117.868

Latitude

33.7795