Fullerton, CA 92833,2736 W Orangethorpe AVE W
Fullerton, CA 92833,2736 W Orangethorpe AVE W
Fullerton, CA 92833,2736 W Orangethorpe AVE W
29
$3,100,000
$3,650,000
15.1%
Est.Price: ?

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17,161 SqFt

2736 W Orangethorpe AVE W Fullerton, CA 92833

Est. payment /mo
SOLD DATE : 11/17/2021

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Key Details

Sold Price $3,100,000

Property Type Commercial

Sub Type Specialty

Listing Status Sold

Purchase Type For Sale

Square Footage 17,161 sqft

Price per Sqft $180

MLS Listing ID PW21013625

Sold Date 11/17/21

HOA Y/N No

Year Built 1965

Annual Tax Amount $38,750

Tax Year 2021

Lot Size 0.977 Acres

Acres 0.9766

Property Sub-Type Specialty

Property Description

The Fullerton West Executive Office Park represents a unique investment opportunity, offering 70 total units plus a separate independent cell tower income stream. 40 of the units offer exclusive Conditional Use Permits (CUP) designations for Single Display Automobile Retail License use which allows for retail automotive sales in California. The Single Display Automobile Retail Sales License CUP designation has been extended to only two buildings in Fullerton by the City Planning Commission (very few others in Orange County) creating HIGH DEMAND and high occupancy rates for these CUP units. This property also has a high volume cell phone & antenna tower generating hassle-free, steady, additional long-term income. The cell phone equipment was upgraded in 2019 & the tower, servers & back-up generator are self-managed by Triple A rated Crown Castle/AT&T requiring minimal landlord management. 30 of the units offer small executive suites for general office use. Some of the units have inside plumbing and restroom facilities, including showers. One of the tenants has a long-standing retail tobacco store. The Property is located just north of the heavily traveled 91 & 5 freeway junction/off ramp on the Southwest corner of Orangethorpe & Magnolia. The property has a free-standing retail pole and building sign that can be seen from the freeway in the day & night. The upside potential for this property and its unique income stream offer a significant opportunity for the right investor.

Location

State CA

County Orange

Area 83 - Fullerton

Zoning General Commercial

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Laundry None

Exterior

Fence Chain Link

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Asphalt,Flat

Building

Lot Description Corner Lot, Lot Over 40000 Sqft, Near Public Transit

Story 2

Water Public

Others

Security Features Closed Circuit Camera(s),Window Bars

Acceptable Financing None

Listing Terms None

Financing None

Special Listing Condition Standard, Trust

Lease Land No

Confidential INFO

BAC 3.0

SIGN ON PROPERTY 1

TERMS Cash,Cash To New Loan,Conventional

LIST AGRMT Exclusive Right To Sell

SHOW CONTACT TYPE Agent

SHOW CONTACT NAME James/Steve

SHOW CONTACT PH 7148751857

SHOW INSTRUCTIONS Drive-by ONLY. Please do not disturb the tenants. Access to the property and any inspections will be granted after accepted offer No lock Box on the property. Call listing agent for greater detail

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CRMLS Plus
Listed by Berkshire Hathaway Home Svc.
Bought with Berkshire Hathaway Home Svc.
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agent

Mark Witte

Agent | License ID: 02102425

+1(949) 269-7270

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