for sale - loopnet · homes at nearby rancho mission viejo offering excellent regional access to...
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FOR SALECROWN CENTER OFFICE PARK
HIGH-IMAGE OFFICE INVESTMENT/USER OPPORTUNITY
No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice.
26361 CROWN VALLEY PKWY | MISSION VIEJO, CA
PROPERTY HIGHLIGHTS• High-image +/- 8,206 SF office investment/user building offering stable cash
flow and upside. The property features attractive Mission-Style architecture and various suite configurations. This rare two-story free-standing property consists of private balconies throughout, expansive window line and exceptional South Orange County location.
• Building is currently leased to a mix of diverse professional office users with short term & month-to-month expirations. The floor plate flexibility and expiring leases allow for an owner/user to accommodate various space requirements for their company with rental income in place for the space they do not intend to occupy.
• Ownership recently made additional building improvements – repainting of common areas/suites, upgraded LED light fixtures throughout, & new HVAC units. The current below market rental rates combined with recent improvements to the property, provides a new owner with tremendous upside and the ability to enhance the future cash flow.
• Surrounded by expansive retail, entertainment, hotel, and service amenities and fronting Marguerite Pkwy & the highly desirable Crown Valley corridor, the property is located 1/2 mile away from the 5 FWY and a short drive to the Laguna Niguel/Mission Viejo station. Adjacent to the Mission Hospital & Saddleback College and has an impressive array of surrounding retail amenities - The Shops at Mission Viejo & Kaleidoscope Mall.
• Highly sought-after South Orange County office market features one of the lowest direct vacancy rates (8.9% in 3Q2018) and highest rental rate growth (17% 2-year growth) in Southern California. Vacancy along the Crown Valley Corridor is at a historic-low of 6.6% as of 3Q18, among the lowest in all of Orange County.
• Strategic location within South Orange County’s most significant path of development, with the scheduled delivery of approximately 15,000 new homes at nearby Rancho Mission Viejo offering excellent regional access to high-end residential neighborhoods and a highly educated workforce in all directions.
• An owner/user can capitalize on aggressive SBA lending (10% down) and all time low interest rates to purchase a one-of-a-kind property in a premier location with an exploding South Orange County population. Perfect opportunity for a tenant/owner who lives nearby to acquire an office property that provides a preferable locational alternative to the traffic-congested Irvine Spectrum to the north.
• SALE PRICE: $2,195,000 (267.68 per sqft)
26361 CROWN VALLEY PKWY | MISSION VIEJO, CA
26361CROWN VALLEY
PKWY
MISSION VIEJO, CALIFORNIA
FIRST FLOOR PLAN
100
130 140 150
160170 PHONERR RR
ELECTRIC
26361CROWN VALLEY
PKWY
MISSION VIEJO, CALIFORNIA
SECOND FLOOR PLAN
250
200
210230
BALCONY
BALCONY
RR RRRR
ELECTRIC
5
CALIFORNIA
73
CROWNC E N T E R
MA
RG
UER
ITE
PKW
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CROWN VALLEY PKWY
LAGUNA NIGUEL GATEWAYMixed-Use Commercial &
Residential Redevelopment
26361CROWN VALLEY PKWY
MISSION VIEJO, CALIFORNIA
MA
RG
UE
RIT
E P
KW
Y
CROWN VALLEY PKWY