Probate sale subject to Court confirmation, and overbidding in Court.
FOR SALE after 43 years! Stater Bros. anchored community neighborhood center in Anaheim, at the intersection of Orangethorpe & Kellogg, just a few minutes away from Imperial Hwy and Riverside Fwy. The commercial strip center has 11 retail stores, including 2 vacancies. Stable property with good long-term tenants, and great current income. Entire plaza consists of 3 separate parcels under 3 separate ownership. Stater Bros. is on a separate parcel, and NOT a tenant at the parcel being SOLD. Owner of the subject Parcel (referred to as Parcel 2 in CC&Rs) is the designated Manager and Operator for the entire Center. Signalized corner location with high traffic counts.
Sold AS IS and Where Is. Court-appointed fiduciary and their agents cannot make any representations as to the condition & history of the subject property. Buyer to conduct their own due diligence.
Property Highlights |
Street |
5031 E Orangethorpe Ave
|
City |
Anaheim
|
State |
CA
|
Zip |
92807
|
Status |
Sold
|
Property Type |
Retail
|
Asking Price |
4801000
|
Year Built |
1976
|
Building Sq Ft |
13,950
|
Number of units |
11
|
CAP Rate |
6.15%
|
GRM |
13.99
|
Value per unit |
436,455
|
Value per Square Feet |
344.16
|
Broker Name |
Vinny Jain
|
Telephone |
(310) 207 2288
|
Email |
sales@iagpm.com
|
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