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The Property

Magnolia Pointe and Center is a prime retail and office complex located in the heart of Westminster's Little Saigon district. The property consists of an approximately 17,018 SF two story retail/office building built in 2006 and a 9920 SF retail strip center built in 1979 and completely remodeled in 2023. The combined lot size for the two buildings is 1.97 Acres.

Little Saigon Location

Magnolia Pointe and Center enjoys an irreplaceable location on the hard corner of Magnolia Ave and McFadden boasting over 50,000 cars per day of traffic. It is located in the heart of Little Saigon - home to the largest Vietnamese population and the largest collection of Vietnamese businesses and services outside of Vietnam. Strong rental demand in the Little Saigon tourist and trade area means this Property is always occupied and has a strong history of financial performance.

Anchored by Government Credit Tenant

In 2021, the County of Orange committed to the Property by signing a 10 year lease and occupying 9000 SF anchoring the Property with a strong government credit tenancy. The County of Orange is the governing body of one of the most affluent Counties (#1 in Southern California, #7 in the State) and most populous (#3 in the State) in California. The County has a AAA credit rating (Fitch).

Magnolia Center Remodel

Magnolia Center is currently undergoing a complete remodel with brand new modern facade and a completely repaired and redone parking lot. The remodel will be done within a couple months and will be completed at no cost to the Buyer. The new look will draw more traffic to the Property and increase it's strength into the future.

Location Summary

The Property is located in the heart of Orange County's "Little Saigon" home to the largest Vietnamese population outside of Vietnam with over 200,000 Vietnamese residents. The business district includes over 5000 Vietnamese ethnic themed businesses and services and is one of the strongest commercial leasing areas in Orange County. Hard corner location at the Northeast Corner of Magnolia St. and McFadden Ave boasting over 50,000 cars per day. The Property is conveniently located next to both the 405 and the 22 freeways.
Superior Demographics: The Property is located in an area that enjoys dense demographics with over 300,000 residents within a 3 mile radius and a verage househome income of over 88,000

City of Westminster

Westminster is a City of about 90,000 residents founded in 1957 - it is bordered by the city of Seal Beach on the west, by Garden Grove on the north and east, and by Huntington Beach and Fountain Valley on the south. Santa Ana, the county seat of Orange County, is east of Westminster.
Little Saigon: Westminster has one of the largest Vietnamese populations in the US. They settled largely in Little Saigon, and the city is known as the "capital" of overseas Vietnamese with 36,058 Vietnamese Americans and at 40.2% (2010), the highest municipal prevalence of Vietnamese Americans. Little Saigon is a district of the town. Westminster has one of the largest Vietnamese populations in the US. They settled largely in Little Saigon, and the city is known as the "capital" of overseas Vietnamese with 36,058 Vietnamese Americans and at 40.2% (2010), the highest municipal prevalence of Vietnamese Americans. Little Saigon is a district of the town. Some points of interest include Little Saigon Marketplace, The Asian Garden Mall, (Phuoc Loc Tho), The Vietnam War Memorial, the Westminster Mall, and the new Bolsa Row Development.

Orange County

Orange County is located in the Los Angeles metropolitan area in Southern California. As of the 2020 census, the population was 3,186,989, making it the third-most populous county in California, the sixth most populous in the U.S., and more populous than 21 U.S. states. Although largely suburban, it is the second most densely populated county in the state, behind San Francisco County.
The County is a tourist center, with attractions like Disneyland, Knott's Berry Farm, Little Saigon, Mission San Juan Capistrano, Modjeska House, Segerstrom Center for the Arts, Yost Theater, Bowers Museum, Balboa Island, Angel Stadium, Downtown Santa Ana, the Honda Center, and several popular beaches along its more than 40 miles (64 km) of coastline. It is also home to a major research university, the University of California, Irvine (UCI), along with a number of other colleges and universities.
Orange County's hot real estate market is one of the highest demand and highest priced markets in the Country. In October 2023, the median listing home price in Orange County, CA was $1.3M, trending up 16.3% year-over-year. The median listing home price per square foot was $658. The median home sold price was $1.1M.
Orange County offers pro-business communities, a robust and entrepreneurial regional economy, an exceptional labor pool supported by first-class universities, a broad infrastructure network and world-class amenities—all the qualities make it a highly sought after commercial location and a great place to live. Some of the notable employers include: Walt Disney, UC Irvine, Providence Healthcare, Kaiser Permanente, Hoag Memorial, Boeing, and Bank of America.