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Pride of ownership retail commercial investment in the Heart of Irvine. Culver & Barranca / Signalized Hard Corner location. High barrier of entry for investors & retail tenants. Value Add Opportunity / Redevelopment. Potential to go vertical and build 2 stories and triple the square footage from 12,500 SF to 45,000 SF. Below market current rents. Two-Tenant income stream for the next 7.5 years from Mimi's Café and Islands. Potential early termination of tenants with buy-out.
Great Investment property zoned R2 currently built out as retail/office, 2 bathrooms, central air etc. 1 short block from the beach,Balboa pier and ferry, ideal location for duplex,yearly or summer rental.Property next door is a duplex. Owner may carry part financing. Property is vacant easy to show
A purpose built autmotive and retail facility of, approx, 17,000 sqft on, an approx, 15,000 sqft corner lot. Built around an open core the building contains an auto repair shop, auto detailing shop, coin/metals shop and, on the second floor, two apartments. There are 18 bays, one hoist, service pit for two bays with water, air and electrical connections throughout.
The subject offering presents an extremely rare opportunity for an investor to acquire all or part of a high profile, irreplaceable shopping center in the heart of one of South Orange County' s premier retail developments, Plaza El Paseo in Rancho Santa Margarita Town Center. Plaza El Paseo is adjacent to the Santa Margarita Town Center (anchored by Target, Cinepolis, Trader Joe' s, Walgreens and Big 5 Sporting Goods) and Plaza Antonio (anchored by Pavilions and CVS Pharmacy) in an affluent trade area where the average household income is in excess of $126,000 and the total population is over 212,000. Plaza El Paseo is a 100% leased, one-of-a-kind center anchored by Kohl' s Department Store (NAP), Bed Bath & Beyond, and BevMo!. The subject property provides the buyer a once-in-a-lifetime opportunity to own an architecturally inspiring shopping center that captures the vision of the Town Center originally laid out by the Mission Viejo Company. The Asset benefits directly from the unmatched synergy and cross-over shopping created in this dominant center. Over 50% of the net operating income is derived from both national and regional tenants, providing a stable income stream.
* OWNER/USER OR INVESTOR OPPORTUNITY * 47% VACANCY AND SHORTER TERM BELOW MARKET LEASES PROVIDE AN OWNER/USER A FLEXIBLE FLOORPLAN WITH COST SAVINGS VS LEASING * PROVIDES AN INVESTOR REALISTIC AND IMMEDIATE UPSIDE * BELOW REPLACEMENT COST * POTENTIAL EXPANSION CAPABILITY - UP TO 10,000 SF * ABUNDANT PARKING RATIO INCLUDING SURFACE AND SUBTERRANEAN PARKING STRUCTURE
Neighborhood Market, beer and wine license included, lottery, Thrifty Ice Cream, money gram, etc. Inventory NOT included. Price very "soft" please call for any further information.
FABULOUS MIXED USE RETAIL/RESIDENTIAL BUILDING ON BEAUTIFUL BALBOA ISLAND. Undoubtedly the finest building on Balboa Island's Marine Ave. This outstanding building has five retail shops and three wonderful apartments with garages, on a rare double lot. It is within a block and half of the bay on both the north and south sides of the Island. Balboa Island is one of California's most visited beach communities with tourist coming from all over the country and is a year round tourist destination. Many of the rents are substantially below current market rate so there is room for an upside return. This is an extremely rare opportunity to purchase a mixed use property on Balboa Island
Do not disturb tenant. Please contact listing agent to arrange site tour. Faris Lee Investments is pleased to offer for sale the fee simple interest (land & building) in an absolute triple net leased (Sale Leaseback), Kiddie Academy Childcare Center, located in the heart of Orange County (Tustin), California. Kiddie Academy, at the close of escrow, will sign a new long-term (25-year) lease with 10% rent increases every 5-Years throughout the initial term and 4 (5-year) options to extend, which hedges against inflation and creates security and stability for the future investor.
Do not disturb tenant. Please contact listing agent to arrange site tour. Faris Lee Investments is pleased to offer for sale the rare opportunity to acquire the real estate and business for Moulton Parkway Auto Spa, located in the affluent city of Laguna Woods, CA. Moulton Parkway Auto Spa is the only full service hand car washes in the city of Laguna Woods, providing a captive and steady customer base. This opportunity allows the new owner future upside as the current expenses are based on passive ownership, and also allows the investor the ability to negotiate new fuel/branding contracts.