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2521 - 2525 N Grand Avenue - Grand Avenue Plaza - Grand Avenue Plaza, Santa Ana, CA

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2521 - 2525 N Grand Avenue - Grand Avenue Plaza - Grand Avenue Plaza

Santa Ana, CA 92705-8725 - Main Place Area Submarket


Property Type:Retail Sub Type:- Status:Existing Year Built:1976
Building Size:39,018 SF Land Area:3.75 AC (163,350 SF)
For Sale Price:$8,000,000 Price/SF:$205.03
Cap Rate:4.43 %
Parking:Ratio of 6.28/1,000 SF



Sale Notes:
Grand Avenue Plaza represents an excellent opportunity to purchase a real estate asset in the established Santa Ana city in the county of Orange. The property is close to major freeways making it easy accessible for residents and commuters. The property is almost fully leased with the opportunity to dramatically increase the net operating income and value thru tenant replacement and bringing the current rents to market.

Santa Ana is the county seat and most populous city in Orange County, California. It is the 53rd-most populous city in the United States with a 2007 estimated population of 339,555. Founded in 1869, Santa Ana is located in Southern California on the Santa Ana River, 10 miles away from the California coast. The city is part of the Los Angeles Long Beach Santa Ana metropolitan area which, according to the U.S. Census Bureau, is the second largest metropolitan area in the U.S., with almost thirteen million people. According to the 2000 U.S. Census, of U.S. cities with more than 300,000 people, Santa Ana is the 4th most densely populated, behind only New York City, San Francisco, and Chicago and is slightly denser than Boston. Anaheim/Orange County is located approximately 30 miles south of downtown Los Angeles and 90 miles north of San Diego. Anaheim is an international vacation destination, as it is the home of the Disneyland Theme Park and only a short drive to world famous beaches.

Clippinger Investment - The Cathedral Building
Brett Swarts
(916) 303-3262

  
Clippinger Investment Properties
Robert Clippinger
(949) 363-7058




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