3.56%
Cap Rate
245000
Land SF
45
Number of Units
 
 
97800
Building SF
 
 

Excellent Unit Mix

  • Great mixed-use opportunity. 3 multi-family tenants and 1 commercial tenant. The lot size is huge which opens the doors to potential development. Situated a short distance from a number of local amenities and currently around 11% occupied.

Price of Ownership

  • The location of the subject property is excellent, very close to town, Fullerton University and pride of ownership in the area which is why it can command a low cap rate.

Location Summary

  • The center sits on a large 5.55 acre of land that is less than half a mile from the area's two major medical centers(Anaheim Regional Medical Center and Kaiser Permanente). This unique pocket has been extremely successful for Walgreens as evidenced when it sought out this location ten years ago to relocate from a smaller store across the street.
  • Great mixed-use opportunity. 3 multi-family tenants and 1 commercial tenant. The lot size is huge which opens the doors to potential development.
  • The location of the subject property is excellent, very close to town, Fullerton University and pride of ownership in the area which is why it can command a low cap rate.
  • Easy access to the major highways and toll roads.

Local Businesses

  • The property is located at the corner of Beach Boulevard and Orangethorpe Avenue in the city of Buena Park, North Orange County. Beach Blvd and Orangethorpe Ave are both major traffic thoroughfares and commercial corridors that stretch across all of Orange County. This central and high traffic intersection boasts traffic counts in excess of 65,000 cars per day.
  • Primary Source: Federal, State and County dollars fund California's safety net services. California's FY 15-16 Enacted Budget for Health and Human Services is $54.34 Billion of which $5.94 Billion excluding infrastructure funding is allocated to the Department of Developmental Services.
  • Of this approximately $2 Billion is allocated to the twenty-one (21) Inland Regional Centers (IRC), of which SUP Inc. is a part of. At the current level of operations, SUP Inc. reports that approximately $5 Million of annual Revenue is being generated (not independently verified).
FOR MORE DETAILS CONTACT
Jennifer Frazier
Vice President
(949) 555-4856
jennifer@creop.com
0121554