Contacts
![broker]( https://cdn.commercialsearch.com/ILSContent/Images/no_broker_photo_sm.png?width=96)
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%
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Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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Walk Score ®
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Transit Score ®
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Location
- City Orange, CA
- Zip Code 92865
- Market Orange County
Points of Interest
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Anaheim Canyon
1.11 miles
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Anaheim Regional Transportation Intermodal Center
3.01 miles
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Tomorrowland Station
4.44 miles
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Mickey's Toontown Depot
4.52 miles
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Fantasyland Station
4.59 miles
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Hollywood East Stop
4.68 miles
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Sunset Boulevard Stop
4.69 miles
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Buena Vista Street Stop
4.73 miles
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Carthay Circle Stop
4.77 miles
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New Orleans Square Station
4.80 miles
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Valero
0.44 miles
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Shell
0.49 miles
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76
0.57 miles
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Chevron
0.65 miles
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Valero
0.78 miles
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Arco
0.80 miles
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Chevron
0.81 miles
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Shell
1.09 miles
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Arco
1.13 miles
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Chevron
1.16 miles
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Rapids Express Car Wash
1.30 miles
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Enterprise
1.42 miles
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Sunkist Car Wash
2.00 miles
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Puddles Car Wash
2.80 miles
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Tustin Car Wash
3.22 miles
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Shell
4.03 miles
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Avis
4.39 miles
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Hertz
4.41 miles
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Enterprise
4.42 miles
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Fast5Xpress Car Wash
4.56 miles
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Troy's Burgers
0.29 miles
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Nava Thai Cuisine
0.43 miles
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Spicewood Grill & Curry
0.46 miles
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Tacos Querétaro
0.47 miles
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Naples Pizza & Pasta
0.47 miles
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Del Taco
0.47 miles
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Wienerschnitzel
0.49 miles
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Mama Hong's Vietnamese Kitchen
0.54 miles
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Denny's
0.54 miles
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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.
Contact Listing Broker
![broker]( https://cdn.commercialsearch.com/ILSContent/Images/no_broker_photo_sm.png?width=96)
Drew McAllister
NRE Commercial | CRE Advisors