27672 Crown Valley Pky - Storefront Retail/Office FOR SALE


Mission Viejo, CA 92691
$4,400,000 USD
702-575-0504
27672 Crown Valley Pky, Mission Viejo, CA for Sale
$4,400,000 USD
Storefront Retail/Office - FOR SALE
1/9
null | Request Cap Rate

27672 Crown Valley Pky
Mission Viejo, CA 92691


HIGHLIGHTS

  • Very well located, just off the 5 Freeway
  • Directly across from Kaleidoscope and adjacent to The Shops at Mission Viejo and the regional Providence Mission Hospital
  • Excellent SBA financing target for an owner/user (vacancy is 50.16% of the GLA)

OVERVIEW

Lee & Associates – Newport Beach is pleased to exclusively offer for sale or lease the two-tenant retail building located just off the 5 Freeway at 27672 Crown Valley Pkwy in Mission Viejo. One space is occupied by long-term tenant Mission Park Pet Hospital and the other space is vacant, having most recently been occupied by a credit union. The current in-place NOI is ±$125,552 (2.85% cap rate). Projected proforma NOI, assuming a $4.00psf NNN lease for the vacant Suite A space, is ±$289,786 (6.59% cap rate). This could potentially be increased by converting Mission Park Pet Hospital's modified gross lease to NNN when their lease expires in January 2028. Mission Park Pet Hospital’s modified gross lease expires in January 2028 with no option to renew. Their premises is ±3,040 sq ft inclusive of a ±1,000 sq ft 2nd floor office space. Their current monthly rent is $13,357 ($4.39psf modified gross). The vacant space is ±3,060 sq ft and is near turn-key for an office/financial services type user. Asking rent is $4.25psf NNN. This vacancy is ±50.16% of the building making the property a perfect SBA financing target for an owner/user!

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$863 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

CR

APN/PARCEL ID

740-062-03

ASK ABOUT THIS PROPERTY

Brian BarsonLee & Associates - Newport BeachMore Info
702-575-0504

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Brian BarsonLee & Associates - Newport BeachMore Info
702-575-0504

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