2911 N Orange Olive

Orange, CA

The Offering

Property Details

  • Property Address: 2911 N Orange Olive Dr
  • Property City, State, ZIP Orange, CA 92865
  • Listing Price: $2,600,000
  • Property Type: Warehouse/Industrial
  • Bldg SF: +/- 21,300
  • Lot SF: +/- 33,611
  • Price/SF (Bldg): $122
  • Price/SF (Lot): $77

INVESTMENT SUMMARY

Offered for the first time in 45 years, this is an incredibly unique opportunity to buy a quality generational asset in the heart of Orange County, CA. Priced to sell, the deal presents a buyer with a number of opportunities, including a great basis for an owner-user, huge upside for an investor to raise rents to market in less than 4 years, or a covered land play due to the flexible zoning which allows for a multitude of development plays including industrial, multifamily and commercial.


INVESTMENT HIGHLIGHTS

Unincorporated Orange County - Flexible M1 (H) Zoning Designation

Redevelopment Opportunity - Industrial, Multifamily (Affordable Housing) and Commercial Developments all at play

Covered Land Play with in-place income while you entitle the site for redevelopment

Year 1 Cap Rate – 5.72%

Year 2 Cap Rate – 5.91%

Year 3 Cap Rate – 6.11%

Year 4 Cap Rate – 7.54%

Pro Forma Cap Rate - 8.36%

Marketing Materials

Offering Memorandum

Location Map

Sales Team

Drew McAllister

Drew McAllister

Director
NRE Commercial | CRE Advisors
01946829
M: 925.683.9203
O: 562.528.8105