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OC Mattress 914 E Katella Ave 6,623 SF Retail Building Orange, CA 92867 $3,995,000 ($603.20/SF) 5.18% Cap Rate
INVESTMENT HIGHLIGHTS
- OC Mattress – Strong Orange County Location - Signalized Hard Corner
- 9 Locations Across Orange County
- Close Proximity to Disneyland, Angels Stadium, Honda Center, and Multiple Universities
- Recently Signed Extension – Long Term Occupancy
- Extremely High Visibility Along Katella Ave. - One Block West of 55 Freeway
EXECUTIVE SUMMARY
Colliers National Net Lease Group is pleased to present an opportunity to purchase a single tenant absolute net leased Orange County Mattress with 6 years remaining on its current lease term and successful operation at its location since 2001. This location has recently undergone improvements that include new roof, paint, exterior lighting and awnings. The property sits along heavily trafficked Katella Ave. with surrounding tenants that include Home Depot, Smart & Final & T.J. Maxx, amongst many others. OC Mattress is poised to provide true passive income for years to come in an exceptional hard corner Orange County Location.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,623 SF
Building Class
C
Year Built
1968
Price
$3,995,000
Price Per SF
$603.20
Cap Rate
5.18%
NOI
$206,892
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.52 AC
Zoning
C-P, Orange
Parking
33 Spaces (4.98 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signalized Intersection
Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 375-381-01 | Improvements Assessment | $570,833 |
| Land Assessment | $2,206,509 | Total Assessment | $2,777,342 |
PROPERTY TAXES
Parcel Number
375-381-01
Land Assessment
$2,206,509
Improvements Assessment
$570,833
Total Assessment
$2,777,342
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OC Mattress | 914 E Katella Ave
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