The Location
Acquired late in 2024, First Street Shopping strip is a well-located property in the heart of Santa Ana, CA. The property features excellent exposure with nearly 170 feet of frontage along W. 1st Street, a main retail thoroughfare for the area.
Additionally, the Property includes front and rear parking with ±37 total parking spaces (parking ratio of ±4.89 spaces per 1,000 SF), allowing for a wide variety of retail uses.
The Investment
The property features multiple month to month and short term leases. The OneV Capital team plans to engage in lease renewals in order to increase cash flow and add value. In addition, the team will plan minor capital improvements to the property in order to enhance the experience for both tenants and patrons of the property.