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Listing ID PW20034435
Price$62,196,421
SqFt 160,773
Status Active
County Orange
Year Built 1997
Property Type Commercial Sale
Property Sub Type Retail
Fee simple, Savi Ranch Power Shopping Center, Yorba Linda, Orange County, CA. Yorba Linda is one of the Orange County’s wealthiest cities with average household income in excess of $165,000 annually. Address: 23021-23081 Savi Ranch Pkwy, Yorba Linda, CA 92887. Offering Price: $62,196,421.00 - Cap Rate: 4.75%. Owners are willing to carry a short-term loan. Freeway Visible – 91 Freeway with 233,000 cars per day. Land Size:+/- 15.97 Acres - Building Size: +/- 160,773sqft - +/- 912 Parking Spaces. Net Rental Income: $2,954,330.00/year, Absolute NNN. Rent Increase: See lease abstract. UBS CMBS assumable loan: $24,750,000.00 @ 5.0085%, 30-yr amortization, due in 10 years. Assumption fee: (a) NONE in connection with the first such Transfer, (b) one-half of one percent (0.5%) of the Outstanding Principal Balance in connection with the second such Transfer and (c) one percent (1%) of the Outstanding Principal Balance in connection with each Transfer thereafter. Special Request: Please do not disturb tenants. Broker Co-Op: Flat fee of $350,000.00.
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Based on information from CARETS as of Monday, June 1st, 2020 11:59:23 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

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Listing courtesy of Minh Tran, DRE #01483565 from Minh Tran, Broker

Contact - Listing ID PW20034435

Brett Lawyer

250 N Canon Drive
Beverly Hills, CA 90210
Phone: 3108585402

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