Fee simple, Savi Ranch Power Shopping Center, Yorba Linda, Orange County, CA.
Yorba Linda is one of the Orange County’s wealthiest cities with average household income in excess of $165,000 annually.
Address: 23021-23081 Savi Ranch Pkwy, Yorba Linda, CA 92887.
Offering Price: $62,196,421.00 - Cap Rate: 4.75%.
Owners are willing to carry a short-term loan.
Freeway Visible – 91 Freeway with 233,000 cars per day.
Land Size:+/- 15.97 Acres - Building Size: +/- 160,773sqft - +/- 912 Parking Spaces.
Net Rental Income: $2,954,330.00/year, Absolute NNN.
Rent Increase: See lease abstract.
UBS CMBS assumable loan: $24,750,000.00 @ 5.0085%, 30-yr amortization, due in 10 years. Assumption fee: (a) NONE in connection with the first such Transfer, (b) one-half of one percent (0.5%) of the Outstanding Principal Balance in connection with the second such Transfer and (c) one percent (1%) of the Outstanding Principal Balance in connection with each Transfer thereafter.
Special Request: Please do not disturb tenants.