Contacts

Drew McAllister

NRE Commercial | CRE Advisors

Property Details

Property Type Industrial
Property Size 21,300 SF
Additional Rent Contact for pricing
Date Updated Sep 5, 2024
Website 2911norangeolive.sharplaunch.com

INVESTMENT SUMMARY

Offered for the first time in 45 years, this is an incredibly unique opportunity to buy a quality generational asset in the heart of Orange County, CA. Priced to sell, the deal presents a buyer with a number of opportunities, including a great basis for an owner-user, huge upside for an investor to raise rents to market in less than 4 years, or a covered land play due to the flexible zoning which allows for a multitude of development plays including industrial, multifamily and commercial.

INVESTMENT HIGHLIGHTS

Unincorporated Orange County - Flexible M1 (H) Zoning Designation

Redevelopment Opportunity - Industrial, Multifamily (Affordable Housing) and Commercial Developments all at play

Covered Land Play with in-place income while you entitle the site for redevelopment

Year 1 Cap Rate – 5.72%

Year 2 Cap Rate – 5.91%

Year 3 Cap Rate – 6.11%

Year 4 Cap Rate – 7.54%

Pro Forma Cap Rate - 8.36%

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

2911norangeolive.sharplaunch.com (PDF) opens in new window

Getting around

73/100
Walk Score ®
39/100
Transit Score ®
31/100
Bike Score ®

Powered by Walk Score ®

City Orange, CA
Zip Code 92865
Market Orange County

Points of Interest

Anaheim Canyon

1.11 miles
Anaheim Regional Transportation Intermodal Center

3.01 miles
Tomorrowland Station

4.44 miles
Mickey's Toontown Depot

4.52 miles
Fantasyland Station

4.59 miles
Hollywood East Stop

4.68 miles
Sunset Boulevard Stop

4.69 miles
Buena Vista Street Stop

4.73 miles
Carthay Circle Stop

4.77 miles
New Orleans Square Station

4.80 miles

Valero

0.44 miles
Shell

0.49 miles
76

0.57 miles
Chevron

0.65 miles
Valero

0.78 miles
Arco

0.80 miles
Chevron

0.81 miles
Shell

1.09 miles
Arco

1.13 miles
Chevron

1.16 miles

Rapids Express Car Wash

1.30 miles
Enterprise

1.42 miles
Sunkist Car Wash

2.00 miles
Puddles Car Wash

2.80 miles
Tustin Car Wash

3.22 miles
Shell

4.03 miles
Avis

4.39 miles
Hertz

4.41 miles
Enterprise

4.42 miles
Fast5Xpress Car Wash

4.56 miles

Troy's Burgers

0.29 miles
Nava Thai Cuisine

0.43 miles
Spicewood Grill & Curry

0.46 miles
Tacos Querétaro

0.47 miles
Naples Pizza & Pasta

0.47 miles
Del Taco

0.47 miles
Wienerschnitzel

0.49 miles
Mama Hong's Vietnamese Kitchen

0.54 miles
Denny's

0.54 miles
Flappy Jack's Pancake House

0.61 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

2911 N Orange Olive