4755 Katella Ave - Retail FOR SALE


Cypress, CA 90720
$9,980,000 USD
650-279-5790
4755 Katella Ave, Cypress, CA for Sale
$9,980,000 USD
Retail - FOR SALE
1/6
null | 6.08% Cap Rate

4755 Katella Ave
Cypress, CA 90720


HIGHLIGHTS

  • Pride-of-Ownership Property
  • Newly constructed in 2022
  • Adjacent to Cypress Retirement Complex
  • Daily car count on Katella Blvd reported at 41,000

OVERVIEW

Excellent opportunity to acquire Barton Place, a pride-of-ownership retail property that was designed with 2 identical size buildings situated at the corner of Katella Avenue & Enterprise in Cypress, California. Both tenant leases are NNN and have attractive 3.0% annual rent increases. Barton Place is situated adjacent to Westmont of Cypress Assisted Living Community that was also constructed in 2022. The property was designed with abundant on-site parking and is situated down the street from Los Alamitos Race Course. The subject property is situated just 6 months from Long Beach Airport. A reported 183,903 residents reside within a 3-mile radius with Average Household Income of $140,668 within this same radius.

FOR SALE DETAILS

PRICE

$9,980,000 USD

PRICE/SF

$760 USD /SF

CAP RATE

6.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Barton Place

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

118

LAND DETAILS

LAND ACRES

2.11 AC

LAND SF

91,912 SF

ZONING

Planned Community (PC)

APN/PARCEL ID

241-232-43

ASK ABOUT THIS PROPERTY

Steve SauterMarcus & MillichapMore Info
650-279-5790

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Steve SauterMarcus & MillichapMore Info
650-279-5790

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