25322 El PaseoMission Viejo, CA 92691

Property Details for 25322 El Paseo

Lot size

3.04 AC

Property type

Other commercial real estate

Property subtype

Showrooms

APN

784-661-05

APU

78466105

Description

This exceptional 36,000 square foot single-tenant retail space is located in the thriving Mission Viejo Shopping Center at 25322 El Paseo, Mission Viejo, CA 92691. Situated in Orange County, this power center enjoys a highly visible location just west of Interstate 5, exit 89, benefiting from the significant daily traffic of over 325,000 motorists. The property offers excellent accessibility with multiple points of entry to its fully signalized entrance, positioned advantageously between two interstate exits. This presents a unique opportunity to establish a prominent presence within an already successful shopping center. The center boasts a strong tenant mix, including established national retailers such as Cost Plus World Market, Petco, Michaels, and the anchor tenant, Best Buy, creating a synergistic environment and high foot traffic. The entire 36,000 square feet is currently vacant, providing a blank canvas for a new tenant to customize and develop their ideal retail space. This prime location and established center offer unparalleled potential for growth and success in a highly desirable Southern California market. The property's size and visibility make it an ideal location for a variety of retail concepts.

• CAP approach

  CAP return

  Valuation

  6%

  $40,782,684

  6.5%

  $37,645,556

  7%

  $34,956,588

• Comparable approach

  Method

  Valuation

  Relative Method

  $53,979,684

  Geo Method

  $117,392,400

• Alternative Use

  Use

  Valuation

  Residential

  $31,755,434

  Hospitality

  $29,087,806

  Educational

  $24,200,714

  Medical

  $25,033,014

  Retail

  $37,645,556

Location Insight

City

Mission Viejo

County

Orange

State

California

Latitude

33.593

Longitude

-117.673

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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