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Listed by Mehran Novini • Consolidated Capital Investments
$ 3,442,000
Est. payment /mo
Active
Costa Mesa, CA 92627
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC-25241452
Year Built 1958
Property Sub-Type Retail
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Three unit retail center located on 19th Street, one of the major thoroughfares with over 33,000 vehicles per day. Located next to McDonald's, across from In-N-Out, and near many national and regional retailers such as Bank of America, 24 hour fitness, Wells Fargo Bank, BevMo, Rubio's, CVS, Grocery Outlet, and many more.
Two of the units are leased to Little Caesars and Up-In Smoke. Little Caesars has been at the site since 2009 and continuously exercised their 5 year options and has added additional options. Up In Smoke has been at the site for four years and has one 5 year option. The vacant space is 2071 SF and seller is offering a rent guarantee for one year.
The property is free and clear of financing. Seller is also offering to carry a loan in first position in the amount of $2,242,000 at 7% with interest only monthly payments of $13,078.33 for Ten years.
This property is also suitable for a user who is interested in occupying the vacant space.
Two of the units are leased to Little Caesars and Up-In Smoke. Little Caesars has been at the site since 2009 and continuously exercised their 5 year options and has added additional options. Up In Smoke has been at the site for four years and has one 5 year option. The vacant space is 2071 SF and seller is offering a rent guarantee for one year.
The property is free and clear of financing. Seller is also offering to carry a loan in first position in the amount of $2,242,000 at 7% with interest only monthly payments of $13,078.33 for Ten years.
This property is also suitable for a user who is interested in occupying the vacant space.
Location
State CA
County Orange
Area C2 - Southwest Costa Mesa
Interior
Laundry None
Exterior
Utilities Available Sewer Connected, Underground Utilities, Electricity Connected, Phone Available, Phone Connected
Building
Lot Description Level with Street, Near Public Transit, Rectangular Lot