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OC Mattress 914 E Katella Ave 6,623 sq ft Retail Property Orange, CA 92867 £2,985,464 (£450.77/sq ft) 5.18% Net Initial Yield
INVESTMENT HIGHLIGHTS
- OC Mattress – Strong Orange County Location - Signalized Hard Corner
- 9 Locations Across Orange County
- Close Proximity to Disneyland, Angels Stadium, Honda Center, and Multiple Universities
- Recently Signed Extension – Long Term Occupancy
- Extremely High Visibility Along Katella Ave. - One Block West of 55 Freeway
EXECUTIVE SUMMARY
Colliers National Net Lease Group is pleased to present an opportunity to purchase a single tenant absolute net leased Orange County Mattress with 6 years remaining on its current lease term and successful operation at its location since 2001. This location has recently undergone improvements that include new roof, paint, exterior lighting and awnings. The property sits along heavily trafficked Katella Ave. with surrounding tenants that include Home Depot, Smart & Final & T.J. Maxx, amongst many others. OC Mattress is poised to provide true passive income for years to come in an exceptional hard corner Orange County Location.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Standalone
Property Size
6,623 sq ft
Costar Property Class
C
Year Built
1968
Price
£2,985,464
Price per sq ft
£450.77
Yield
5.18%
NOI
£154,610
Tenancy
Single
Number of Floors
1
Plot ratio
0.29
Total Plot Size
0.52 ac
Use Class
C-P, Orange
Parking
33 Spaces (4.98 Spaces per 1,000 sq ft Leased)
Frontage
AMENITIES
- Pylon Sign
- Signalised Intersection
Walk Score®
Easily Walkable (71)
Bike Score®
Good for cycling (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 375-381-01 | Improvements Assessment | £426,584 |
| Land Assessment | £1,648,924 | Total Assessment | £2,075,508 |
PROPERTY TAXES
Parcel Number
375-381-01
Land Assessment
£1,648,924
Improvements Assessment
£426,584
Total Assessment
£2,075,508
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OC Mattress | 914 E Katella Ave
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