Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1980
Sq.Footage
N/A
VALUE ADDED OPPORTUNITY on a PREMIER CORNER LOT! Seller will only consider a short escrow. Prime 50,094 square foot Lot at the Corner of W. Edinger and S. Fairview in Santa Ana. BUILD THE OUTPARCEL pad and make this a cash cow. Existing fully leased 9,099 square feet of retail space PLUS an empty outparcel pad. Each unit has a private bathroom. Electric and Gas is separately metered. Water, house lights, property taxes and insurance are covered by CAM fees. Well over 1 acre here, come and get it. Some of the tenants have been in the property for decades, most are short term. GSI does not include potential income from the vacant/empty outparcel which was a restaurant. (Might be good for a Starbucks or something of the like?). I will post NOI as soon as I receive those figures from the Seller. Most leases go through 9/2026, on in 2028 and one could go through 2030 if the tenant exercises his option to extend. Some of the tenants have been in the property for decades. We have a Phase One Environmental Site Assessment with an inspection date of October 23, 2015 which states “The former building on the south side of the subject property was recently demolished” so this Phase One Inspection was completed after the removal of that structure. I am happy to provide a copy. This sale includes parcel numbers 407-041-35 and 407-041-36, no they will not be sold separately.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Lot Features
Level
-
Lot Size(acres)
1.15
-
Property Type
Commercial Sale
-
Property Sub Type
Retail
Price
-
Sales Price
$5,375,000
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
Water Source
Public
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Location
County
Orange
Elementary School
Middle School
High School
Listing Courtesy of Robert Koop Jr , Tekoop Properties, Inc.
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