140 W Wilshire Avenue

    Fullerton, CA 92832
    • $3,200,000
    • STATUS: Active
    • ON SITE: 42 days
    • ID#: PW19254460
    UPDATED: 162 min ago
    $3,200,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,400
      SQFT
    • $727
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1949
    County:

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-12-12T00:26:33.47. 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 Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

    www.sellinglasouthbay.com/homes/100413942

    140 W Wilshire Avenue Fullerton, CA 92832

    • Price: $3,200,000
    • Status: Active
    • Updated: 162 min ago
    • ID#: PW19254460
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    4,400
    SQFT
    $727
    $/SQFT
    1949
    Built
    Neighborhood:
    83 - Fullerton
    County:
    Orange
    Area:
    83 - Fullerton
    Property 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.
    Exterior Features

    Lot Features Lot 6500-9999Near Public TransitValue In LandYardZero Lot Line Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels YN No Asset Class Retail Building Area Units Square Feet Building Status Existing Cap Rate 4.90 Country Us Investment Property YN Yes Land Lease YN No Land Use Retail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 156000.00 Number Of Units Leased 1 Occupancy Occupied Property Sub Type Retail Special Listing Conditions Standard Total Monthly Rent 13000 Water Source Public Year Built Source Assessor Zoning C-3

    Listing provided courtesy of Cameron Irons of Svn / Vanguard


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-12-12T00:26:33.47. 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 Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

     
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