OFFERING PRICE:
$7,849,000

CURRENT OCCUPANCY:
100%

TOTAL BUILDING AREA:
±41,397 SF

 
FEATURED LISTING:
MISSION CENTER
4450-4498 Lincoln Ave  |  Cypress, CA
INVESTMENT HIGHLIGHTS
 
• High Quality, Orange County Acquisition Opportunity – Mission Center is a ±41,397 SF strip center that is 100% leased to a complementary “daily needs” mix of essential service, medical, education, retail and food tenancy
 
• Low Rents/Enhanced Security – Property-wide, the in-place rents average only $0.90 PSF/MO., on a NNN basis with all the existing rents below current market rates, enhancing tenant stability and creating intrinsic value with future rental growth
 
• Tremendous NOI Growth – Due to a combination of scheduled rental increases and rolling below market GROSS rents to NNN market, the NOI is projected to grow by more than $380,175 (91%) over an anticipated 10-year hold providing an excellent hedge against inflation and producing a Compound Annual Growth Rate (CAGR) of 6.7%
 
• Internet Resistant Tenancy – All of the tenants at the property provide food, beverages, convenience or services that cannot be replaced online, and generate strong “daily trip” traffic to the property
 
• Low Price PSF / Below Replacement Cost Opportunity – At the list price, Mission Center will trade at a significant discount to its land-inclusive replacement cost, estimated to be $350 PSF
 
• High Visibility, Traffic Location – Mission Center is well positioned with more than ±610 feet of frontage along Lincoln Avenue, one of the primary arterials in the trade area, featuring over ±23,700 cars per day
 
• Free and Clear of Existing Financing – Mission Center is deliverable free and clear of existing financing providing a purchaser an opportunity to customize debt to achieve optimal returns


CLICK HERE TO DOWNLOAD OFFERING MEMORANDUM

 
FOR MORE
INFORMATION
PLEASE CONTACT:
 
KIRK BRUMMER
+1 949 725 8418
Lic. 01218518
kirk.brummer@cbre.com 		ERIC SHAIN
+1 949 809 3758
Lic. 02050566
eric.shain@cbre.com		 PHILIP D. VOORHEES
+1 949 725 8521
Lic. 01252096
phil.voorhees@cbre.com
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