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Olive Heights Center 804-846 E Lincoln Ave 26,482 SF 92% Leased Retail Building Orange, CA 92865 $8,250,000 ($311.53/SF) 6.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Great NNN Investment Property
- Large lot (72,744 SF) for future Redevelopment
- Prime Orange County Location
EXECUTIVE SUMMARY
This Multi-tenant retail and office center has a total of 18 tenants with 300 feet of frontage on Lincoln Ave. Located between the 55 and 57 freeway, it has excellent street visibility and accessibility. This center has long term tenants such as Insurance Office, Liquor store, Florist shop, Barber shop, GYM, Sports Bar, Dry Cleaners, Coin Op laundry,
Hair Salon. The Center also has ample 145+ parking spaces in the front and back, and has all AIR CRE NET leases. There are currently 2 vacancies where more value to be added.
Hair Salon. The Center also has ample 145+ parking spaces in the front and back, and has all AIR CRE NET leases. There are currently 2 vacancies where more value to be added.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
26,482 SF
Building Class
B
Year Built/Renovated
1964/2021
Price
$8,250,000
Price Per SF
$311.53
Cap Rate
6.30%
NOI
$520,000
Percent Leased
92%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.36
Lot Size
1.67 AC
Zoning
Commercial
Parking
100 Spaces (3.78 Spaces per 1,000 SF Leased)
Frontage
300’ on E Lincoln Ave
AMENITIES
- Pylon Sign
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 804
- 1,002 SF
- Retail
- -
- Now
- 830
- 1,233 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 804 | 1,002 SF | Retail | - | Now |
| 830 | 1,233 SF | Retail | In-Line | Now |
804
| Size |
| 1,002 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
830
| Size |
| 1,233 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $974,086 | |
| Land Assessment | $3,730,423 | Total Assessment | $4,704,509 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,730,423
Improvements Assessment
$974,086
Total Assessment
$4,704,509
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Olive Heights Center | 804-846 E Lincoln Ave
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