Investment Overview

Marcus & Millichap and Stream Realty Partners are pleased to present 3242 S Halladay Street in Santa Ana, a recently renovated two-story owner user/investor opportunity totaling approximately 24,468 SF, situated on an approximate 0.93-acre M1 Zoned Lot. The asset has been the headquarters of Unrivaled Brands, Inc. (ORT: UNRV; https://unrivaledbrands.com/), who has invested millions of dollars in improvements into the property, as recently as 2020. The opportunity allows an owner user to occupy roughly 87% of the asset, with the only encumbrance being the company’s flagship dispensary “The Spot”, which takes up roughly 3,070 SF on the first floor of the property. This opportunity works perfectly for an Owner User looking to take advantage of the highly improved creative office buildout, while collecting stable rental income from the on-site legalized (Cannabis License: C10-0000115-LIC) marijuana dispensary. The property has seen millions of dollars in renovations. Additional amenities include multiple large conference rooms, a massive full kitchen/break area, and multiple large office suites. The asset is situated on a hard corner, in a dense infill part of Santa Ana’s Commercial Cannabis Business Zone. Accompanied with the property is 76 (Parking Ratio - 3.11/1,000 SF) interior and exterior parking spaces, with access on the South and East sides of the property. Additionally, the building is situated in close proximity to the 55, 5, and 405 Freeways, the closest being the 55 Freeway (entrance is 0.7 miles from the property), which sees over 266,000 VPD. The John Wayne Airport sits on the other side of the 405 freeway, roughly 5 minutes from the subject property and dozens of hotels, restaurants, and attractions sit in the same proximity. The asset boasts great demographics with over 248,000 people living within a 3-mile radius of the property, collecting an average household income of over $92,000 annually.