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NAI Capital

NAI Capital Inc., Lidia Talavera, is pleased to announce the offering of a Retail Multi-Tenant Center located at 501-517 W 17th St., Santa Ana, CA 92706. Approximately 12,916 SF Street Retail Center, consisting of 6 tenants with a history of long and stable tenancy which most have been occupying the property between 15 to 25 years. The Center is e-commerce safe, composed of 38% Food Use, 56% Service Use and an apartment 6%.

The Property is positioned on the NW signalized corner of 17th Avenue & Ross St. All units have excellent frontage on 17th Street. Located within a mile from major retailers such as Target, Northgate, Starbucks, Autozone, 99 Cents Only, Norms Restaurant, etc. In addition, also within a mile from Santa Ana’s City Hall, City, State and Fed Curt Houses, jails, and many other government departments and facilities. Built in 1945, pride of ownership center. Has been well maintained with new roof installed 01/2020 (Silver-White aluminum reflective roof coating which is water based – prevents premature aging and contributes to energy efficiency -10 year warranty). This Property’s location along with its current tenancy will provide an investor with the opportunity to acquire a high performing strip center.

Please contact the listing agent for any additional questions on this opportunity.

Offering Summary
Price:
$4,330,000
Building Size:
12,916 SF
Price/SF:
343
Lot Size(Acres):
0.74
Price/Acre:
6
 
Number of Lots:
2
Occupancy:
100%
Type of Ownership:
Fee Simple
Cap Rate:
5.56%
NOI:
$246,259.68
Lidia Talavera
Executive Vice President
909.243.7604
LTalavera@naicapital.com
Cal DRE Lic #01407598
NAI Capital
800 N. Haven Ave.
Suite 400
Ontario, CA 91764
909.243.7600

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No warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.

NAI Capital Commercial Cal DRE Lic #02130474.
 
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