2727-2743 W Edinger Ave
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2727-2743 W Edinger Ave
9,028 SF 100% Leased Retail Building Santa Ana, CA 92704 $5,505,529 ($610/SF) 5.10% Cap Rate
Investment Highlights
- Multi-tenant strip center consisting of just six (6) service-oriented tenants catering to the needs of the immediate trade area
- In-place leases are very landlord friendly and call for 4% annual increases throughout the entire lease term including option periods
- Located directly across the street from Santa Ana City College with approximately 36,000 students enrolled
- Potential opportunity to develop additional square footage on the hard corner which could substantially increase the in-place cash flow
- Signalized corner location at the intersection of Edinger Ave. and Fairview St., with traffic counts exceeding 61,300 CPD
Executive Summary
CBRE is proud to present an infill, multi-tenant retail strip opportunity located at 2727-2743 W Edinger Avenue in Santa Ana, California. The property features an internet resistant tenant mix and the potential opportunity to add additional square footage and rental income at the corner of the property. The site sits on 1.15 acres and is located at the signalized intersection of W. Edinger Avenue and Fairview Street, with 61,357 cars per day, and directly across the street from Santa Ana College (36,000 students currently enrolled). The asset is one of few multi-tenant retail strip centers that ever come to market in infill Orange County and offers tremendous long-term upside for a savvy investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
9,028 SF
Building Class
C
Year Built
1980
Price
$5,505,529
Price Per SF
$610
Cap Rate
5.10%
NOI
$280,782
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Land Acres
1.15 AC
Parking
67 Spaces (6.3 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Corner Lot
- Signalized Intersection
- Drive Thru
Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $628,391 | |
| Land Assessment | $1,693,552 | Total Assessment | $2,321,943 |
PROPERTY TAXES
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Arthur Flores
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Jay Gomez
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Kyle Kaye
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James Kaye
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2727-2743 W Edinger Ave
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