This is a 7,331 sf industrial use building with a single tenant who has a 5-year Net Lease. This building has 2 grade level doors with 16' clearance height.
Fully air conditioned concrete tilt up building that is clean, open and ideal for showroom. Former uses have included furniture and Automotive showroom. Terrific uses would include school or other niche business.
This prime location leasehold interest is being offered at a 6 percent cap rate. The owner is currently paying $99,000 annually for the ground lease and has a absolute NNN sublease agreement with Wells Fargo. The total rent being collected from Wells Fargo is equal to $276,000 per year. The Net Operating Income is equal to $177,000 per year. There are approximately four years remaining on the sublease with Wells Fargo with one option to extend for a period of 5 years.
Marcus & Millichap is pleased to offer for sale a fully built out 2,781 square-foot Medical Dental Condo that includes all the equipment. As a bonus, the Seller is willing to carry all the financing on this former fully operating dental office. This highly improved class "A" medical condo consists of four partitioned dental exam rooms with views, two enclosed spa rooms (plumbed for dental) that are fully equipped for an Esthetician, a separate consultation suite that is also plumbed for additional patient rooms, dental lab, x-ray room, formal waiting room, large reception area and an executive office. The first class appointments include trey ceilings, travertine flooring, custom cabinetry, upgraded lighting fixtures and finishes, medical equipment and much more. Please see the analysis in the package that shows how owning your real estate and growing a practice will make an owner over $1 Million more money versus buying a practice and leasing the real estate.
23696 Birtcher is a single-story office condo, consisting of 3,904 Square Feet. This particular unit is nestled towards the perimeter of the highly sought after Lake Forest Business Center which is conveniently located near the Irvine Spectrum, Laguna Hills Mall, and other numerous amenities. This office offers extensive interior glass features and an efficient layout consisting of perimeter offices surrounding a large open-area. The scarcity of this product type, the property' s superior physical condition, and its proximity to transportation corridors and area amenities ensure this won' t last long.
This is a freestanding, 6,000 sq. ft building with high ceilings at a signalized intersection. Tenant is a corporate restaurant for the Three Strike Hospitality group, a company with 25+ years of experience with major, nationally recognized restaurant brands like Slater's 50/50, Bennigan's, Mimi's, Rubio, Five Guys, El Paso Cantina, All-Stars, and P.F. Chang's. They currently have 10 restaurants under development in various Southern California locations. They have invested approximately $1 million in this location for tenant improvements to make this a brand new, classy sports themed tavern and grill. This restaurant will have a full liquor license and will be open until midnight every day. They will provide access to 50+ sports showings simultaneously, a service which is not currently provided by anyone in this marketplace. Rental income is $18,000/mo + all NNN expenses. Tenant has signed a 10-yr lease with 2 5-yr options. Rental increases of 10% occur every five years. The lease is absolute NNN. Tenant pays ALL expenses. Landlord will enjoy management-free, expense-free, rental income for 20 years including options.
Business Sale ONLY!!! (Please DO-NOT talk to anyone working / Employees doesn't know yet) One Group Realty is proud to present Good Income Japanese Restaurant in the city of Lake Forest. Established 2010 and continue doing good business. 1. Gross Sale $48,000 per month 2. Food Cost: 25 ~ 28 % 3. Employee Wages $12,000 (2 cook, 3 servers, 2 sushi man) 4. Size: 1970 sq.ft. 5. Net Income: $10,000