The Armory Hall

Description:

Cushman & Wakefield proudly presents The Armory Hall—a 15,856 square foot architecturally distinctive historic brick office building, developed originally in 1934 and beautifully renovated in 2020. This highly recognizable asset is set within the heart of Santa Ana’s West End, on a 0.39-acre site with its own 20-car parking lot: a rare element for the buildings in the West End. The improvements include a 1,900 square foot basement area.

Surrounded by a vital, pedestrian-oriented area, defined by multi-story urban buildings, the West End district of Downtown Santa Ana accommodates a mixture of retail, office, light service and residential uses. The historic corridor reinforces the form and character represented by pre-World War II buildings and is recognized as a National Historic District, through restoration, rehabilitation, and context-sensitive infill. This is a once-in-a-lifetime opportunity to own a unique piece of history with modern functionality and convenient onsite parking.

ATTRACTIVE NEIGHBORHOOD IN WEST END OF SANTA ANA HISTORICAL SHOPPING DISTRICT ALONG THE NEW DOUBLE-TRACKED MODERN STREET CAR LINE
• The electric-powered streetcar line currently nearing completion in Orange County will run through the cities of Santa Ana and Garden Grove, linking the Metrolink station and downtown Santa Ana.
• Potential future extensions to Disneyland, Anaheim’s Platinum Triangle and John Wayne Airport.

MILLS ACT PROPERTY TAX ABATEMENT PROGRAM & OPPORTUNITY ZONE
• Inclusion in California’s economic incentive program for the restoration and preservation of qualified historic buildings by property owners.

RARE SELF PARKED BUILDING
• The Armory Hall benefits from the rare amenity of being one of the few self-parked buildings in the West End district. This includes 20 surface parking stalls.

FUTURE REVENUE OPPORTUNITIES
• The Property consists of two floors with many long-term tenants on leases approaching expiration. The subject offering provides a prospective investor with a multitude of repositioning options in the near future.
• Both the basement storage and parking lot are options for new ownership to provide additional revenue opportunities above and beyond the current in-place NOI.

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