3520-3530 W 1st St - Retail FOR SALE


Santa Ana, CA 92703- Santa Anita Park
$4,485,000 USD
949-350-5431
3520-3530 W 1st St, Santa Ana, CA for Sale
$4,485,000 USD
Retail - FOR SALE
1/7
null | 5.75% Cap Rate

3520-3530 W 1st St
Santa Ana, CA 92703
Santa Anita Park


HIGHLIGHTS

  • High-Visibility Retail Strip Center in a Prime Santa Ana Location – Excellent Exposure on W. First Street (±30,000 Cars Per Day)
  • Ample Parking Availability – The Subject Property Features Both Front and Rear parking with 37 Total Spaces, Providing a Favorable Parking Ratio of 4.
  • Excellent Real Estate Fundamentals – Daytime Population Counts Exceed 799,000 Within a 5-Mile Radius
  • Recent Property Improvements Including Property/Tenant Signage, Paint, Parking Lot, and Landscaping
  • 100% Occupied Shopping Strip with Strong Tenant History and Experienced, Multi-Location Operators

OVERVIEW

--High-Visibility Retail Strip Center in a Prime Santa Ana Location – Excellent Exposure on W. First Street (±30,000 Cars Per Day) --Ample Parking Availability – The Subject Property Features Both Front and Rear parking with 37 Total Spaces, Providing a Favorable Parking Ratio of 4.89 spaces per 1,000 SF --Excellent Real Estate Fundamentals – Daytime Population Counts Exceed 799,000 Within a 5-Mile Radius --Rare Orange County Shopping Strip -Established Tenancy – Multiple Tenants Have Occupied The Property For Nearly 40 Years, Reflecting Strong Tenant Commitment to the Location | New Tenants are Experienced Operators with Multiple Locations Under Management -Long-Term Leases with Annual Increases – Most Tenants Have Annual Rental Escalations, Providing for an Excellent Hedge Against Inflation -Improvements Underway – Seller Improvements Include Updated Tenant and Property Signage, Fresh Paint, And Various Other Upgrades, Enhancing Curb Appeal And Long-Term Value --Strong Real Estate Fundamentals -Dense, Infill Area – Population Counts Exceed 738,000 Within 5 Miles and Average Household Income Exceeds $106,000 Within 5 Miles -Proximity To Harbor Boulevard – Located One Block from Boulevard, A Key Commercial Artery In Santa Ana, Enhancing Accessibility And Traffic -Strategic Location Near Major Freeways – Centrally Located Near The 22, 405, 55, And 5 Freeways, Offering Easy Access For Customers And Tenants -Multiple Points of Ingress and Egress Along W. First Street

FOR SALE DETAILS

PRICE

$4,485,000 USD

PRICE/SF

$579 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

First Street Plaza | Rare OC Shopping Strip

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

180

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,749 SF

ZONING

SP2

APN/PARCEL ID

144-321-53

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

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Ron DuongMarcus & MillichapMore Info
949-350-5431

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