Rebecca Canalez - Commercial Real Estate Showcase

Rebecca Canalez Property Listings
CBRE
3501 Jamboree Rd
Suite 100
Newport Beach, CA 92660-2939
(949) 725-8500
(949) 725-8545


DetailMap
2721 - 2729 S Grand Avenue

Santa Ana, CA 92705 - Santa Ana Submarket

(669.6 KB)

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1989
Building Size:14,000 SF Land Area:2.9 AC (126,324 SF)
For Sale Price:$6,895,000 Price/SF:$492.50
Cap Rate:6.19 %
Parking:14 Covered spaces are available; Ratio of 1/1,000 SF


160' freeway frontage, high visibility showroom, high-end decorator finishes, direct access from Dyer Road off-ramp.



Sale Notes:
Description
Investment Highlights:

+ The property is situated along the CA-55 freeway with a high visibility and benefits from an annual average daily traffic count of 292,000

+ The Property is zoned M1-Light Industrial. A medical marijuana dispensary is only permitted in this industrial zoning, creating a legal barrier of entry to operate a marijuana business in Santa Ana. This alone justifies the above market leasing terms for a dispensary.

+ Fee-simple ownership in the property provides a safe and legal way to invest in the booming legal marijuana industry.
The People's OC Dispensary

+ With over a decade of experience in the marijuana industry under their belt, the founders of People' s OC have seen countless operations come and go. Determined not to go down that same path, they set out to obtain all the required permits and licenses that would make his shop legit and keep it around for the long haul.

+ The People' s OC Boasts as being the biggest of its kind in California, with its beautiful and spacious interior housing a wide variety of consumables and accessories. They are staffed with a passionate, knowledgeable team ready to recommend the industry' s highest quality medicines. Their products are locally grown and produced indoor, they are Certified Pesticide-free and made and handled with love by the caring staff.

CBRE
Rebecca Canalez
(949) 725-8500

James Lehigh
(949) 725-8500




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