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%
Sales Team
Drew McAllister
O: 562.528.8105