For Sale
$6,200,000

1935 17Th StSanta Ana, CA 92705

High-yield retail center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully leased, 8,104 square foot retail shopping center located at 1935 E 17th St, Santa Ana, CA 92705. The property, built in 1997, sits on a 25,700 square foot lot and boasts a 5.40% cap rate with a Net Operating Income (NOI) of $334,592. Currently housing six tenants under NNN leases, the center enjoys 100% occupancy and minimal management requirements. Key anchors include Hobby Lobby, Esporta Fitness, and Carl's Jr. The property benefits from a prime location in a high-traffic area with over 60,000 vehicles passing daily, situated near major freeways (SR-55, I-22, SR-57, and I-5) and surrounded by a dense population with high average household income exceeding $146,000 within a 5-mile radius. The C5 (General Commercial) zoning provides flexibility. This well-maintained property is offered at $6,200,000 and is ideally suited for a 1031 exchange investor, offering a strong return on investment with a stable tenant base and excellent location. The property is free and clear of debt, allowing for an all-cash purchase. APN: 396-321-20.

Highlights

  • 1997 construction, high-quality property with strong tenant occupancy, including Enchanted Coffee, Mochinut, and El Yaqui Tacos.
  • Located in Metro Place Shopping Center, anchored by Esporta, Hobby Lobby, and Carl's Jr.
  • Highly desirable infill location with limited future development potential, ensuring long-term value.
  • Excellent freeway access via SR-55 and I-5 freeways, providing high visibility in a densely populated area.
  • High visibility on 17th Street with over 40,000 vehicles daily.
  • Strong retail trade area with a diverse mix of businesses and residential, including major national retailers.

Property Details for 1935 17Th St

Property type
Lifestyle centers, Power centers
Square Feet
8,104 SF
Year Built
1997

Location Insight

City
Santa Ana
County
Orange
State
California
Latitude
33.7601965
Longitude
-117.8393393
1935 17Th St, Santa Ana, California

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1935 17Th St
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