Investment Overview

Marcus & Millichap is pleased to offer for sale a commercial mixed-use property in the city of Orange, California. The real estate consists of 14,941 square feet of improvements sitting on a 0.94-acre parcel fronting West Katella Avenue. The real estate consists of 3 buildings which include a 1,936-square foot single-tenant restaurant/bar, 4 light industrial units totaling 3,600-square feet, and a 9,405-square foot two-story professional office building. The property fronts West Katella with 230 feet of frontage and experiences an excess of 56,000 cars per day passing by the property. The office and industrial portion have month-to-month tenancy allowing for an owner user to take advantage of SBA financing with a 10% down payment. The retail building is occupied by The Cherry Pit, a pub and restaurant with a strong local following. The Cherry Pit lease expires on June 30th, 2024 allowing for rental upside to the new owner. The property is priced at $240 price per square foot and is a real value considering the excellent location in Central Orange County where properties trade at much higher values. This offering is ideal for an owner user who is motivated to own their own property, gain rental income, build equity and eliminate paying rent.