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Office Medical

Trade Post Office/Medical Building

4703 E Chapman Ave, Orange, CA 92869

Listing Price: $2,900,000

Cap Rate
4.37%
Gross SF
7,230
Rentable SF
7,230
Price/Gross SF
$401.11
Occupancy
100.0%
Year Built
1985
Lot Size
0.52 acres

Investment Overview

A 5-unit office building constructed in 1985 containing a mix of office and medical tenants. Property is mostly a single-story structure with 4 in-line units but does have one office unit on the second story at the rear of the property. This unit is serviced by a staircase, air conditioning, has high ceilings with beautiful wood beams, a small kitchen area, one restroom with a shower, and would be ideal as an office for an owner/user, or other business use. Property has brick cladding on bottom third of building, clay roof tiles and benefits from a wood monument sign along East Chapman Ave which sees close to 40,000 vehicles per day. All tenants are on month-to-month modified gross leases with rents hovering below market by about 30%.

Investment Highlights

  • First time ever on market! Current ownership developed property in 1985.
  • Virtually zero turnover with tenants. Majority of tenants are long-term and some have occupied the building for several decades.
  • Perfect owner/user opportunity with supplemental income.
  • Low unit count and minimal landscaping makes for an easy-to-manage property.
  • Average rents hover around 30% below market.
  • Excellent ingress/egress from both sides of property with a parking ratio of 4.56/1,000 SF.
  • Surrounded by the afluent communities of Orange Park Acres, Panorama Heights, Tustin Ranch, Villa Park and Anaheim Hills. Annual household income of $112,000 in 1-mile radius.
  • Private office upstairs ideal for owner/user or management office.

Exclusively Listed By

Office Medical

Trade Post Office/Medical Building

Listing Price: $2,900,000

Cap Rate
4.37%
Gross SF
7,230
Rentable SF
7,230
Price/Gross SF
$401.11
Occupancy
100.0%
Year Built
1985
Lot Size
0.52 acres

Investment Highlights

  • First time ever on market! Current ownership developed property in 1985.
  • Virtually zero turnover with tenants. Majority of tenants are long-term and some have occupied the building for several decades.
  • Perfect owner/user opportunity with supplemental income.
  • Low unit count and minimal landscaping makes for an easy-to-manage property.
  • Average rents hover around 30% below market.
  • Excellent ingress/egress from both sides of property with a parking ratio of 4.56/1,000 SF.
  • Surrounded by the afluent communities of Orange Park Acres, Panorama Heights, Tustin Ranch, Villa Park and Anaheim Hills. Annual household income of $112,000 in 1-mile radius.
  • Private office upstairs ideal for owner/user or management office.

Investment Overview

A 5-unit office building constructed in 1985 containing a mix of office and medical tenants. Property is mostly a single-story structure with 4 in-line units but does have one office unit on the second story at the rear of the property. This unit is serviced by a staircase, air conditioning, has high ceilings with beautiful wood beams, a small kitchen area, one restroom with a shower, and would be ideal as an office for an owner/user, or other business use. Property has brick cladding on bottom third of building, clay roof tiles and benefits from a wood monument sign along East Chapman Ave which sees close to 40,000 vehicles per day. All tenants are on month-to-month modified gross leases with rents hovering below market by about 30%.

Exclusively Listed By

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