Description
An outstanding absolute NNN investment strategically located in the heart of Downtown Fullerton. Casa Bonita has 7+ years remaining on an original 10 year lease with two additional 5 year option periods. The lease is guaranteed by 2 strong financially backed companies.Fullerton is an affluent Orange County Submarket that has ideal proximity to both residential and commercial density which ensures the property is busy during all times of the day, every day of the week. The Casa Bonita Event Center is within walking distance to MetroLink, Fullerton's depot station, within Downtown Fullerton's restaurant over district (ROD), within a C-3 zoned area which provides long term development opportunity for a mixed use project (commercial and residential) and numerous other immediate trade area advantages.The Casa Bonita Event Center is ideally located near the intersection of Harbor Boulevard (44,300 vehicles per day) and Chapman Avenue (35,500 vehicles per day) with a total of over 79,800 vehicles passing the intersection daily. Traditional, linear configuration are conducive to high occupancy, optimal rents and low minimal capital expenditures coupled with recent capital improvements such as the roof and HVAC systems.Located in an area the City of Fullerton has designated as Parking District 1 which allows for a myriad of advantages for a developer to reposition and expand on the properties footprint.
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0BEDS
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0.18ACRES
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0BATHS
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01/2 BATHS
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4,400SQFT
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$727$/SQFT
School Ratings & Info
Description
An outstanding absolute NNN investment strategically located in the heart of Downtown Fullerton. Casa Bonita has 7+ years remaining on an original 10 year lease with two additional 5 year option periods. The lease is guaranteed by 2 strong financially backed companies.Fullerton is an affluent Orange County Submarket that has ideal proximity to both residential and commercial density which ensures the property is busy during all times of the day, every day of the week. The Casa Bonita Event Center is within walking distance to MetroLink, Fullerton's depot station, within Downtown Fullerton's restaurant over district (ROD), within a C-3 zoned area which provides long term development opportunity for a mixed use project (commercial and residential) and numerous other immediate trade area advantages.The Casa Bonita Event Center is ideally located near the intersection of Harbor Boulevard (44,300 vehicles per day) and Chapman Avenue (35,500 vehicles per day) with a total of over 79,800 vehicles passing the intersection daily. Traditional, linear configuration are conducive to high occupancy, optimal rents and low minimal capital expenditures coupled with recent capital improvements such as the roof and HVAC systems.Located in an area the City of Fullerton has designated as Parking District 1 which allows for a myriad of advantages for a developer to reposition and expand on the properties footprint.
Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-01T00:28:49.747. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.