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Marcus & Millichap is pleased to present Silverado Plaza located in the master planned community of Mission Viejo, California. The property is located off the South West corner of Jeronimo Road and Los Alisos Boulevard. The real estate consists of 18,509 square feet of improvements sitting on a 1.5 acre parcel. The property is located off the South West corner of Jeronimo Road and Los Alisos Boulevard where traffic counts exceed 40,000 vehicles per day. The property is 100% stabilized with a very low historical vacancy. Current rents at the subject property average $21 per square foot, NNN. Typical retail rents in the submarket average $36 NNN, allowing the investor rental upside as leases roll. The property is anchored by Apple Tree Montessori Preschool occupying 31% of the gross lease able area, with 4% annual rental increases and 10 plus years remaining on the lease. The real estate was tastefully renovated in 2014 with stacked rock pillars and a new roof. The investment offers a secure income stream with upside potential, in a very desirable South Orange County location.
" Land pad for sale asking $1,200,000 " Buildable up to 4,000 sq.ft. of commercial space " Prime South Orange County Location " High Profi le, Pad location in front of Von' s and CVS anchored shopping center " Affl uent Residential Population " Signalized entrance " Easy Access & Visibility from The Foothill Toll Road (SR-241) " Great building and monument signage
Los Alisos Village was constructed in 1982 and is situated on approximately 4.56 acres. National and regional retailers within the collateral include AutoZone, Baskin Robbins, and Taco Mesa. The property' s tenants are set amid an open-air layout, which provides a pedestrian-friendly atmosphere. The property provides an investor with a value-add opportunity with the ability to implement a lease-up strategy. Specifically, there is approximately 2,865 square feet of vacant space within the subject property, which represents approximately nine percent of the GLA.
The subject property is a fee simple absolute net leased investment with Wells Fargo Bank. The real estate is located in the city of Mission VIejo, California at the signalized SWC of La Paz Road and Chrisanta Drive. The building consists of 5,400 square foot of improvements sitting on .28 acre parcel fronting La Paz Road. Wells Fargo had recently completed a major interior remodel showing there commitment to the location. This bank has $228,726,000 in deposits which is the highest amongst all banks in Mission Viejo. The investment is an absolute NNN lease with minimum 3% percent annual increases and maximum 5% based on CPI.