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Listed by Mehran Novini • Consolidated Capital Investments
$3,442,000
Est. payment /mo
4,898 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,898 sqft
Price per Sqft $702
MLS Listing ID CROC25241452
HOA Y/N No
Year Built 1958
Lot Size 0.270 Acres
Property Sub-Type Retail
Source Datashare California Regional
Property Description
Three unit retail center located on 19th Street, one of the major thoroughfares with over 33,000 vehicles per day. Located next to McDonald's, across from In-N-Out, and near many national and regional retailers such as Bank of America, 24 hour fitness, Wells Fargo Bank, BevMo, Rubio's, CVS, Grocery Outlet, and many more. Two of the units are leased to Little Caesars and Up-In Smoke. Little Caesars has been at the site since 2009 and continuously exercised their 5 year options and has added additional options. Up In Smoke has been at the site for four years and has one 5 year option. The vacant space is 2071 SF and seller is offering a rent guarantee for one year. The property is free and clear of financing. Seller is also offering to carry a loan in first position in the amount of $2,242,000 at 7% with interest only monthly payments of $13,078.33 for Ten years. This property is also suitable for a user who is interested in occupying the vacant space.
Location
State CA
County Orange
Interior
Fireplace No
Building
Water Public
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613