Investment Overview

Marcus & Millichap is pleased to present a 4-Tenant Neighborhood Center at 701–707 W 17th Street in Santa Ana, a compelling infill retail investment positioned within the highly desirable Historic Floral Park neighborhood. Offered at $2,795,000 with a 6.42% cap rate, the property delivers $179,398 in NOI and is 100% occupied by a diverse mix of service-oriented tenants. The center totals ±9,212 SF on ±0.31 acres, originally built in 1955 and thoughtfully renovated in 2023, enhancing long-term functionality, curb appeal, and tenant retention. The asset benefits from a Weighted Average Lease Term (WALT) of ±5.50 years, providing a strong balance of income stability and future upside through staggered expirations, contractual rent increases, and CAM reimbursements. Located within a designated Opportunity Zone, the property offers potential tax advantages and long-term value-creation opportunities for investors. Strategically positioned along West 17th Street, a high-traffic neighborhood corridor with ±33,691 VPD, the center benefits from strong visibility, dense surrounding residential neighborhoods, and proximity to major Orange County employment, education, and retail hubs. The property sits minutes from Interstate 5, Santa Ana College, MainPlace Mall, and the broader central Orange County trade area. Supported by robust infill demographics, a stable tenant mix, and a prime location within one of Orange County’s most established residential communities, this offering provides investors with a durable income stream and long-term appreciation potential in a supply-constrained market.