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15502 Beach Blvd - 15502 Beach Blvd, Westminster, CA 0.51 Acres of Commercial Land Offered at $2,600,000 in Westminster, CA 92683
INVESTMENT HIGHLIGHTS
- High-traffic location
- Tenant operates Infiniti Dealership on triple-net ground lease
- Prominent, high-visibility, signalized corner
EXECUTIVE SUMMARY
Property subject to 20 year ground lease that commenced in 2011 and expires in 2031. Tenant has one option to extend term for 10 years through 2041.
PROPERTY FACTS Under Contract
| Price | $2,600,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Ground Lease (Leased Fee) | Total Lot Size | 0.51 AC |
| No. Lots | 1 | Cross Streets | McFadden Avenue |
| Zoning | C-2, General Business | ||
| Price | $2,600,000 |
| Sale Type | Investment |
| Sale Condition | Ground Lease (Leased Fee) |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.51 AC |
| Cross Streets | McFadden Avenue |
| Zoning | C-2, General Business |
1 LOT AVAILABLE
Lot
| Price | $2,600,000 | Lot Size | 0.51 AC |
| Price Per AC | $5,147,994.95 |
| Price | $2,600,000 |
| Price Per AC | $5,147,994.95 |
| Lot Size | 0.51 AC |
Existing site improvements include asphalt paving and lighting for use by Infiniti dealership, whose primary property is the front of the adjacent 6.41 acre site (L-shape) that wraps around this corner property.
DESCRIPTION
Prior to 1985, use as service station. Late 1980's through about 2009, leased to adjacent Buick GM dealership. Since 2011, leased to adjacent Infiniti dealership.
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Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 107-721-01 | Improvements Assessment | $49,561 |
| Land Assessment | $1,232,768 | Total Assessment | $1,282,329 |
PROPERTY TAXES
Parcel Number
107-721-01
Land Assessment
$1,232,768
Improvements Assessment
$49,561
Total Assessment
$1,282,329
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15502 Beach Blvd - 15502 Beach Blvd, Westminster, CA
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