athenian plaza - loopnet€¦ · unit trade name tenant sq. ft. rent /month rent psf proforma /mo...

6
SVN | VANGUARD | 120 W. 5TH STREET, SUITE 210, SANTA ANA, CA 92701 SALE BROCHURE ATHENIAN PLAZA 10652 MAGNOLIA AVE STANTON, CA 92804 Michael Arens, BRE# 01441335 Advisor 949.558.0313 [email protected] CalDRE #01441335 Travis Dunn Senior Vice President 949.627.9128 [email protected] CalDRE #01390592

Upload: others

Post on 30-Jan-2021

1 views

Category:

Documents


0 download

TRANSCRIPT

  • SVN | VANGUARD | 120 W. 5TH STREET, SUITE 210, SANTA ANA, CA 92701 SALE BROCHURE

    ATHENIAN PLAZA10652 MAGNOLIA AVESTANTON, CA 92804

    Michael Arens, BRE# [email protected] #01441335

    Travis DunnSenior Vice [email protected] #01390592

  • OFFERING SUMMARY

    Sale Price: $1,850,000

    Cap Rate: 5.66%

    NOI: $104,795

    Lot Size: 0.46 Acres

    Year Built: 1986

    Building Size: 6,386 SF

    Market: South Anaheim

    Submarket: Anaheim/Stanton

    Price / SF: $289.70

    Athenian Plaza is a well located strip center at the signalized intersection of Magnolia and Pacific featuring 5 retail/restaurant suites. Constructed in 1986, the subject property is surrounded by a densely populated residential communitywith more than 9,300 households within 1 mile.Additionally, Athenian Plaza is adjacent to the Tina/ Pacific Affordable Housing Project in the City of Stanton. The HousingAuthority is currently negotiating an agreement with an affordable housing developer to complete the remainingacquisitions, relocation and redevelopment of the properties. Kickoff of the project is estimated to begin in 2020 (Phase I- 83 units.) Phase II is expected to begin shortly after completion of Phase I (78 high units.)

    PROPERTY OVERVIEW

    PROPERTY HIGHLIGHTS

    • High Population Density

    • Corner Location at Signalized Intersection

    • Adjacent to planned residential development project.

    Property Summary

    ATHENIAN PLAZA | 10652 MAGNOLIA AVE STANTON, CA 92804 SVN | Vanguard | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

  • Unit Trade Name Tenant Sq. Ft. Rent /Month Rent PSF Proforma /Mo Proforma PSF Service Expiration Options Lease Commencement

    Athenian Plaza 10652 Vacant Vacant 1,262 -$ -$ 1,893.00$ 1.50$ NNN Month to Month None Vacant

    Athenian Plaza 10654 Herbalife Patricia Ocampo 1,216 1,683.61$ 1.38$ 1,824.00$ 1.50$ NNN Month to Month None 03/01/2010

    Athenian Plaza 10656 Water Store Huan Ha 1,216 2,042.76$ 1.68$ 2,128.00$ 1.75$ NNN Month to Month None 07/01/2012

    Athenian Plaza 10658 Hair Salon Fabiola Ruiz 1,216 1,627.40$ 1.34$ 1,824.00$ 1.50$ NNN Month to Month None 05/01/2015

    Athenian Plaza 10660 Restaurant - Mex Fonda Mixcoac 1,476 3,379.20$ 2.29$ 3,690.00$ 2.50$ NNN Month to Month None 05/01/2013

    6,386

    Monthly Rent 8,732.97$ 11,359.00$

    Annual Rent: 104,795.00$ 136,308.00$

    Cap Rate: 5.66% 7.36%

    Rent RollAthenian Plaza: 10652-10660 Magnolia Ave Stanton, CA 90680

  • ATHENIAN PLAZA | 10652 MAGNOLIA AVE STANTON, CA 92804 SVN | Vanguard | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

    Additional Photos

  • ATHENIAN PLAZA | 10652 MAGNOLIA AVE STANTON, CA 92804 SVN | Vanguard | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

    Location Maps

  • ATHENIAN PLAZA | 10652 MAGNOLIA AVE STANTON, CA 92804 SVN | Vanguard | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

    POPULATION 1 MILE 2 MILES 3 MILES

    Total population 34,465 131,690 281,568

    Median age 31.7 33.9 34.1

    Median age (Male) 29.9 32.7 32.9

    Median age (Female) 34.0 35.1 35.3

    HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES

    Total households 9,372 37,871 82,172

    # of persons per HH 3.7 3.5 3.4

    Average HH income $66,312 $67,347 $67,900

    Average house value $448,596 $452,889 $447,918

    * Demographic data derived from 2010 US Census

    Demographics Map