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FOR SALE | SINGLE-TENANT NNN LEASED INVESTMENT | LONG-TERM PARKING LOT LEASE 1401 N. JEFFERSON STREET ANAHEIM, CALIFORNIA
FOR SALE | SINGLE-TENANT NNN LEASED INVESTMENT | LONG-TERM PARKING LOT LEASE
1401 N. JEFFERSON STREET ANAHEIM, CALIFORNIA
THE OFFERING
Colliers International and Voit Real Estate Services are pleased to present for sale 1401 N. Jefferson Street, Anaheim, California, a 4.9 acre improved land site. This property is ideally located within the North Orange County Industrial Market with excellent access to the Riverside (91) freeway. The property is 100% NNN leased to California Auto Dealers Exchange (CADE) and provides investors an opportunity to acquire an extremely well-located property occupied by a strong credit tenant in one of the most desirable investment markets in the United States.
Total Square Footage . . . . . . . . . . . . . . . . . . 213,444 SF
Percentage Occupied . . . . . . . . . . . . . . . . . . . . . . . 100%
Lease Expiration . . . . . . . . . . . . . . . . February 28, 2023
Option . . . . . . . . . . . . . . . . .One (1) Five (5) year option (3% over preceding year rental rate. 3% yearly increases for the five year option term)
Lease Type . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .NNN
Year 1 NOI . . . . . . . . . . . . . . . . . . . . . . . . . . . .$626,844
Year 1 CAP Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6%
Offering Price . . . . . . . . . . . . .$10,500,000 / $49.19 PSF
Zoning . . . . . .SP 2015-1 Anaheim Canyon Specific Plan
Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and /or its licensor(s). 2016. All rights reserved.
1401 N JEFFERSON ST | ANAHEIM
INVESTMENT HIGHLIGHTS
STABILITY OF TENANT The current tenant, CADE, has occupied the facility for ±8 years with ±6.5 years remaining on the lease term. The tenant’s parent company also owns the adjacent 33.32-acre site, which is part of the same operation, and increases the probability of long-term tenant retention.
STABLE CASH FLOW The property benefits from a 100% NNN Lease through February 28, 2023.
LOW MANAGEMENT NNN OWNERSHIP The NNN Lease provides for minimal management on behalf of the ownership.
HIGHLY SOUGHT AFTER INDUSTRIAL LAND PARCEL With its low vacancy rates and limited undeveloped land for future development in the Anaheim area, this parcel has excellent potential for future development.
EXCELLENT LOCATION Located in Anaheim, Orange County, CA, the property is situated in the North Orange County Industrial submarket. This submarket sits on the border of Los Angeles and Orange County with access to all of the major freeway arteries.
VACANCY LOW, RENTS TRENDING HIGHER Overall vacancy in Orange County for the 1st Quarter 2016 continues to tighten. With vacancy of 2.33% and activity on the rise, the market is setting up for substantial rental appreciation over the next several years.
Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the infor-mation including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and /or its licensor(s). 2016. All rights reserved.
EXCLUSIVE ADVISORS:
MICHAEL J. HARTEL Executive Vice President Dir +1 949 724 5700 [email protected]
NICK VELASQUEZ Senior Associate Dir +1 949 724 5707 [email protected]
COLLIERS INTERNATIONAL 3 Park Plaza Suite 1400 Irvine, CA 92614
www.colliers.com
MIKE BOUMA, SIOR Senior Vice President Dir +1 714 935 2340 [email protected]
VOIT REAL ESTATE SERVICES 2020 Main Street Suite 100 Irvine, CA 92614
www.voitco.com
