First Street Retail Center – Santa Ana, CA

First Street Retail Center is located on East First Street in Santa Ana, CA, a dense and highly trafficked urban corridor serving both local residents and regional commuters. The property benefits from strong daily traffic counts and close proximity to downtown Santa Ana, civic buildings, medical facilities, and established residential neighborhoods, positioning it as a core neighborhood retail asset.

OneV Capital acquired the First Street Retail Center with a value-add strategy focused on stabilizing tenancy and improving operational performance. The team actively managed the asset, strengthened lease structures, and enhanced the tenant mix to improve cash flow and overall asset quality.

After executing its business plan, OneV Capital elected to market the property for sale. The transaction resulted in a net return of approximately 50% to investors, reflecting successful value creation and disciplined execution in a competitive retail market.