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El Rancho Market Center - Availability Details

1095 - 1099 N Glassell Street, Orange, CA 92867

  • For Sale $1,950,000
  • City Orange
  • Zip Code 92867
  • Market Orange County
  • Property Type Retail - Strip
  • Property Size 4,500 Sqft
  • Lot Size 0.28 Acre
  • Property Tenancy Multi-Tenant
  • Year Renovated 2019
  • Date Updated 05 May, 2021
The subject property is a highly visible approximate 4,500 square-foot multi-tenant retail building on approximately 12,000 square feet (.275 acres) of land. The property is ideally situated just south of the intersection of Katella Avenue and Glassell Street in Orange, just 1½ miles from the Costa Mesa (55) Freeway on and off ramps. The center benefits from good visibility, convenient parking, a backlit monument sign, as well as the center being located on a corner. The daily traffic count on Glassell Street is 16,000 cars per day, according to the Orange County Transit Authority. The traffic count on the nearby Newport (55) Freeway is in excess of 200,000 cars per day. Other major retailers surrounding the property include: Del Taco, Five Guys, Smart & Final, and the United States Post Office. The property benefits from its surrounding area of high density residential units. Over the next five years, the population is projected to grow by 3.8% in a 1-mile radius. The average household income in this area is projected to change over the next five years from $86,730 - $94,553. The property benefits from its dense infill location with over 509,600 residents within a 5-mile radius.
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Contacts

broker

Dan Kruse

Lee & Associates Orange

(714) 564-7136

Highlights

  • This investment is a rare opportunity to acquire retail real estate in Orange County.
  • The property is being offered at $1,950,000, which represents a 6.33% cap rate.
  • The subject is accessible with one (1) access point from Quincy Avenue, one access point from Glassell Street.

Attachments

Contact Listing Broker

broker

Dan Kruse

Lee & Associates Orange

(714) 564-7136

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