athenian plaza - loopnet€¦ · unit trade name tenant sq. ft. rent /month rent psf proforma /mo...
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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
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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: $289.70
Athenian Plaza is a well located strip center at the signalized intersection of Magnolia and Pacific featuring 5 retail/restaurant suites. Constructed in 1986, the subject property is surrounded by a densely populated residential communitywith more than 9,300 households within 1 mile.Additionally, Athenian Plaza is adjacent to the Tina/ Pacific Affordable Housing Project in the City of Stanton. The HousingAuthority is currently negotiating an agreement with an affordable housing developer to complete the remainingacquisitions, relocation and redevelopment of the properties. Kickoff of the project is estimated to begin in 2020 (Phase I- 83 units.) Phase II is expected to begin shortly after completion of Phase I (78 high units.)
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
• High Population Density
• Corner Location at Signalized Intersection
• Adjacent to planned residential development project.
Property Summary
ATHENIAN PLAZA | 10652 MAGNOLIA AVE STANTON, CA 92804 SVN | Vanguard | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
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Unit Trade Name Tenant Sq. Ft. Rent /Month Rent PSF Proforma /Mo Proforma PSF Service Expiration Options Lease Commencement
Athenian Plaza 10652 Vacant Vacant 1,262 -$ -$ 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
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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
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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
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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