Yorba Linda, CA 92887,23000 Savi Ranch
$10,750,000
Est.Price: ?

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3.7 Acres Lot

23000 Savi Ranch Yorba Linda, CA 92887

Est. payment /mo
SOLD DATE : 04/15/2022

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Key Details

Sold Price $10,750,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR21059087

Year Built 1997

Lot Size 3.700 Acres

Property Sub-Type Retail

Property Description

This is a Corporate Absolute Triple-Net NNN Lease with Best Buy Co., Inc.; No landlord responsibility. Current Cap rate at 5% with Annual Net Operation Income of $618,828. This Best Buy store has been in this location for more than 20 years. Best Buy has been paying full rent payment on time every month since the COVID-19 pandemic with zero default. It is located inside 350,000 square feet Savi Ranch power center, right off the highly traveled CA 91 Freeway, benefiting from high traffic counts with over 273,000 vehicles per day and more than 70,000 people with 3 miles radius with an average income of $156,000. Great Investment! Don't Miss out!

Location

State CA

County Orange

Area 85 - Yorba Linda

Interior

Laundry None

Building

Lot Description Lot Over 40000 Sqft

Water Public

Others

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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CRMLS – RECore
Listed by Katherine Quach Treeline Realty & Investment
Bought with General NONMEMBER NONMEMBER MRML

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