5201-5247 E Orangethorpe Ave
Anaheim, CA 92807
Rancho Cabrillo Plaza · Retail Property For Sale

Marcus & Millichap is pleased to present this investment opportunity situated at 5201-5247 East Orangethorpe Avenue in Anaheim, California called the Rancho Cabrillo Plaza. This property boasts significant frontage on the corner of East Orangethorpe Avenue and North Post Lane, along with abundant parking for a wide variety of commercial and retail uses. The strong fundamentals make this area desirable for investors and tenants. Rancho Cabrillo Plaza experiences a high traffic count of over 25,000 vehicles per day. Priced to sell at $247 per square foot, the center capitalizes on dense multi-family and single-family housing that stretches for miles to the north, east and west. This 1977 constructed property consists of approximately 20,013 rentable square feet on a 62,787 square foot lot. With 8 fully occupied units (91% occupancy), this investment offers a value-add opportunity with majority of the tenants paying below market rents and most tenants on a modified gross lease. An investor can increase the value of the property through leasing and converting the modified gross leases to triple net. The property is immediately flanked to the east by The Villas apartments a collection of 65 two-and three-story town-homes and single family residences. The Vineyards Apartments is located one block east of Rancho Cabrillo Plaza and contains 304 units, many of which overlook fairways at the south end of the Yorba Linda Country Club. Single-Family neighborhoods lie directly behind the center to the north, as does Esperanza High School, a California Distinguished School award winner and the largest high school in the Placentia-Yorba Linda Unified School District with an enrollment of close to 2,000 students.