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.