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General Retail For Sale • 61,181 SF
| Two Trophy Dealerships: Audi & VW in Santa Ana Auto Mall; buy together or separately. |
| Stable Cash Flow: 100% NNN leased to Penske through 2029; 3 renewal options with non-cumulative CPI-based rent bumps every 5 Yrs capped at 12.50%. |
| Credit Strength: Penske Automotive (NYSE: PAG), BB+ S&P rating, $11.5B market cap. Absolute NNN Fee Simple Lease Zero LL Responsibilities. |
| Tax Benefits: Year 1 cost segregation may yield approximately $8.3M–$10.3M in bonus depreciation. |
| Prime Location: Santa Ana Auto Mall, direct 55 Freeway access, high visibility & traffic. |
| Major Upgrades: $7M Audi redevelopment + $70M portfolio improvements reduce relocation risk. |
| Cap Rate: | 6.03 % |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Tustin (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) | 5 min | - | 2.5 mi |
| Santa Ana (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) | 7 min | - | 3.4 mi |
| Airport | Drive | Walk | Distance |
| John Wayne/Orange County | 7 min | - | 4.7 mi |
| Long Beach (Daugherty Field) | 31 min | - | 24.8 mi |
| Ontario International | 49 min | - | 38.9 mi |
Ara Rostamian
Marcus & Millichap
Ara Rostamian
Marcus & Millichap
