For Sale
$14,500,000

15496 Magnolia StWestminster, CA 92683

Westminster, CA Shopping Center - Strong Anchor Tenant

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents Magnolia Pointe & Center, a prime retail complex strategically located in Westminster, California's vibrant Little Saigon district. The property comprises a two-story, approximately 17,018 square foot retail/office building constructed in 2006, and a remodeled 9,920 square foot retail strip center completed in 2023. Sitting on a combined 1.99-acre lot, this property boasts a highly desirable hard corner location at Magnolia Avenue and McFadden, experiencing over 50,000 vehicles daily. The complex benefits from a strong, 10-year lease with the County of Orange, providing investment-grade stability. This location within Little Saigon, known for its large Vietnamese population and extensive businesses, ensures consistent high demand and occupancy. The property's historical performance demonstrates its enduring value as a lucrative investment, capitalizing on the area's thriving tourism and trade. This is a rare opportunity to acquire a well-positioned, high-performing retail property in a dynamic and densely populated market. The asking price is $14,500,000.

Highlights

  • $14,500,000 asking price.
  • Located in Westminster, CA's Little Saigon, a high-traffic area.
  • Anchored by the County of Orange, a creditworthy government tenant with a 10-year lease.
  • Hard corner location at Magnolia Ave and McFadden, boasting over 50,000 cars daily.

Property Details for 15496 Magnolia St

Property type
Lifestyle centers, Power centers

Location Insight

City
Westminster
County
Orange
State
California
Latitude
33.737540402878
Longitude
-117.97220462435
15496 Magnolia St, Westminster, California

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15496 Magnolia St
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