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    24799 Alicia

    Laguna Hills, CA 92653
    • $5,500,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: TR20223620
    UPDATED: 12 min ago
    $5,500,000
    • 0
      BEDS
    • 0.76
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,415
      SQFT
    • $1,246
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1980
    County:

    School Ratings & Info

    Description

    CHASE BANK (NNN) GROUND LEASEFreestanding absolute NNN investment located in the heart of Laguna Hills, miles from Laguna Beach. The ground lease was signed inital 20 years with 3. 5-year option at 10% rent increase every 5 years. Currently it has 11.5 years reminding on the original lease. The tenant is the largest bank in the U.S with assets of $2.6 trillion and public company investment grade credit of Aa2 / A+ / AA (Moody+GGs / S&P / Fitch). Outparcel to dominant Big Lots/DICK'S Sporting Goods anchored neighborhood center; hard corner of Alicia Parkway & Paseo De Alicia. This is an established Chase Bank Branch with over $74 Million in deposit and rare single lane drive-thur ATM. Please see private marks and contact listing agent for Offering Memorandum.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-25T17:29:18.067. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

    www.thealvaradobrothers.com/homes/111267551
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    24799 Alicia Laguna Hills, CA 92653

    • Price: $5,500,000
    • Status: Active
    • Updated: 12 min ago
    • ID#: TR20223620
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.76
    Acres
    4,415
    SQFT
    $1,246
    $/SQFT
    1980
    Built
    Neighborhood:
    S2 - Laguna Hills
    County:
    Orange
    Area:
    S2 - Laguna Hills
    Property Description
    CHASE BANK (NNN) GROUND LEASEFreestanding absolute NNN investment located in the heart of Laguna Hills, miles from Laguna Beach. The ground lease was signed inital 20 years with 3. 5-year option at 10% rent increase every 5 years. Currently it has 11.5 years reminding on the original lease. The tenant is the largest bank in the U.S with assets of $2.6 trillion and public company investment grade credit of Aa2 / A+ / AA (Moody+GGs / S&P / Fitch). Outparcel to dominant Big Lots/DICK'S Sporting Goods anchored neighborhood center; hard corner of Alicia Parkway & Paseo De Alicia. This is an established Chase Bank Branch with over $74 Million in deposit and rare single lane drive-thur ATM. Please see private marks and contact listing agent for Offering Memorandum.
    Exterior Features

    Lot Features Corner Lot Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 3.50 Country Us Land Use OtherRetail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 192500.00 Property Sub Type Retail Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Grady Liu of Macroreal Inv Grp Inc. and Hao Ding of Macroreal Inv Grp Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-25T17:29:18.067. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

     
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