23121-23141 Orange Ave | Lake Forest, CA 92630
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- LoopNet Team
23121-23141 Orange Ave
Lake Forest, CA 92630
El Toro Auto Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Historically safe cash flow investment with a COVID-19 resistant, essential services tenancy
- Year 1 scheduled cap rate: 6.91% | Year 2 scheduled cap rate: 7.06%
- Prime location south of Irvine Spectrum
- Over 7-year history of no vacancies
- Excellent new financing available. 30% down, 30-year amortization
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
45,697 SF
Building Class
C
Year Built
1972
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
2.80 AC
Zoning
IP-Industrial - Industrial Park
Parking
40 Spaces (0.87 Spaces per 1,000 SF Leased)
Frontage
385’ on Orange Ave
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 613-371-01 | Improvements Assessment | $2,240,634 |
| Land Assessment | $12,155,713 | Total Assessment | $14,396,347 |
PROPERTY TAXES
Parcel Number
613-371-01
Land Assessment
$12,155,713
Improvements Assessment
$2,240,634
Total Assessment
$14,396,347
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