27472 Portola Pky - Freestanding FOR SALE


Foothill Ranch, CA 92610
$9,498,000 USD
949-725-8606
27472 Portola Pky, Foothill Ranch, CA for Sale
$9,498,000 USD
Freestanding - FOR SALE
1/6
null | 5.59% Cap Rate

27472 Portola Pky
Foothill Ranch, CA 92610


HIGHLIGHTS

  • Trophy Retail Center Investment
  • National and Regional Brand Tenancy – 100% leased to a synergistic mix of tenants with national, regional, and local brands
  • Stabilized Tenancy, Recent Lease Extensions

OVERVIEW

* Trophy Retail Center Investment – Few retail strip center assets come to market in Orange County, let alone in the highly-coveted, affluent master-planned community of Foothill Ranch, making Foothill Plaza an extremely rare and compelling investment opportunity * National and Regional Brand Tenancy – 100% leased to a synergistic mix of tenants with national, regional, and local brands including Round Table Pizza, The UPS Store, Orangetheory Fitness, and Thai Garden * Stabilized Tenancy, Recent Lease Extensions – With strong historical occupancy, many tenants since 2008 and others nearly 8 years and more, and long-term leases in place with two recent lease extensions for 7 and 5 years, Foothill Plaza’s tenancy is stable with 3.82 years weighted-average lease term (WALT) * Strong Income Growth – Through scheduled rental increases and rolling below-market rents to market, the NOI is projected to increase more than $232,100 (44%) over the hold period with a 3.7% compound annual growth rate (CAGR) * Highly Affluent, South Orange County Demographics – 7,400+ people with AHI exceeding $176,700 within 1-mile, 99,000+ with AHI exceeding $192,100 within 3-miles, and 227,200+ with AHI exceeding $189,500 within 5-miles

FOR SALE DETAILS

PRICE

$9,498,000 USD

PRICE/SF

$996 USD /SF

CAP RATE

5.59%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Foothill Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

73

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

C

APN/PARCEL ID

612-181-12

ASK ABOUT THIS PROPERTY

John ReadCBREMore Info
949-725-8606

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John ReadCBREMore Info
949-725-8606

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.