1935 E 17th St
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1935 E 17th St
8,104 SF 100% Leased Retail Building Santa Ana, CA 92705 £4,891,800 (£604/SF) 5.40% Net Initial Yield
Investment Highlights
- 100% leased with regional and local, tenants. All tenants are on NNN leases
- Superior visibility and exposure on 17th Street with daily traffic counts in excess of 40,000 Vehicles
- Very high-density area of 618,000 people with Average Household Income of over $118,000 within a 5-mile radius
- 1997 construction, best-in-class, pride of ownership property, anchored by Enchanted Coffee, Mochinut, and El Yaqui Tacos
- Delivered free & clear of debt allowing an all cash purchase
- Located along off/on ramp of the SR55 Freeway and I-5 Freeway with direct access to the I-5, SR-55, I-22 & SR-57 freeways
Executive Summary
The Metro Place Shopping Center is located at 1935 E 17th Street, within Orange County in the City of Santa Ana, California. The property is well positioned within the heart of the Orange County metro area at the intersection of three major cities serving Santa Ana, Orange and Tustin. The location benefits from convenient access to major freeways inclusive of the SR-55 Freeway, I-22 Freeway, SR-57 Freeway and the I-5 Freeway.
The property consists of an 8,104 square foot retail pad building situated on a high-profile location on 25,700 square feet of land. Constructed in 1997, Metro Place Shopping Center is a high-image retail shopping center anchored by Hobby Lobby, Esporta, Carl’s Jr. and CareMore Health. The property is in the business and shopping district of Santa Ana that is occupied by government, hospital, corporate offices and national retailers such as Target, Albertson, Petsmart, Ross, Raising Cane’s, Chic-Fil-A, In-N-Out, and Starbucks.
The property is strategically positioned in an exceptionally dense residential and commercial infill area of the city of Santa Ana. Within a
5-mile radius of the property the residential and commercial daytime population is over 613,000 people with an average household income in excess of $146,000. With significant frontage and visibility along 17th Street, the Property is situated near the major intersection of Tustin Ave and 17th Street which boast a traffic count of over 60,000 vehicles per day.
The property consists of an 8,104 square foot retail pad building situated on a high-profile location on 25,700 square feet of land. Constructed in 1997, Metro Place Shopping Center is a high-image retail shopping center anchored by Hobby Lobby, Esporta, Carl’s Jr. and CareMore Health. The property is in the business and shopping district of Santa Ana that is occupied by government, hospital, corporate offices and national retailers such as Target, Albertson, Petsmart, Ross, Raising Cane’s, Chic-Fil-A, In-N-Out, and Starbucks.
The property is strategically positioned in an exceptionally dense residential and commercial infill area of the city of Santa Ana. Within a
5-mile radius of the property the residential and commercial daytime population is over 613,000 people with an average household income in excess of $146,000. With significant frontage and visibility along 17th Street, the Property is situated near the major intersection of Tustin Ave and 17th Street which boast a traffic count of over 60,000 vehicles per day.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
8,104 SF
Building Class
C
Year Built
1997
Price
£4,891,800
Price Per SF
£604
Net Initial Yield
5.40%
NOI
£263,993
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.32
Land Acres
0.59 AC
Zoning
C-5 - Commercial
Frontage
359 ft on E 17th St
Amenities
- Pylon Sign
- Signage
- Signalised Intersection
Walk Score ®
Very Walkable (89)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 396-321-20 | Improvements Assessment | £805,274 |
| Land Assessment | £2,156,369 | Total Assessment | £2,961,642 |
PROPERTY TAXES
Parcel Number
396-321-20
Land Assessment
£2,156,369
Improvements Assessment
£805,274
Total Assessment
£2,961,642
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