FOR SALE 11512 Magnolia Street Garden Grove, CA Exclusive Advisor: John Son 714.564.7183 json@lee-associates.com bre #01069091 my.leeorange.net/11512magnolia
TABLE OF CONTENTS FINANCIAL INFORMATION Financial Analysis Rent Roll Income Analysis Expenses PROPERTY OVERVIEW Building Features Site Plan Property Aerial Location Map Demographics
FINANCIAL INFORMATION
FINANCIAL ANALYSIS 8 Units Totaling ±7,972 Rentable Square Feet GROSS RENTAL INCOME: $128,430.00 ASKING PRICE $2,058,000 (5% Cap) OPERATING EXPENSES: $37,540.28 EXPENSE REIMBURSEMENT: $11,947.00 ($0.13 PSF) NET OPERATING INCOME: $102,836.99 ACTUAL CAP RATE: 5.0% CAP RATE WITH 100% NNN REIMBURSEMENT 6.24%
RENT ROLL 8 Units Totaling ±7,972 Rentable Square Feet Unit Tenant Lease Type Square Feet Lease Start Lease End Monthly Rate (3/01/18) CAM FEE (3/01/18) Option (Date/Rent) Increase (Date/Rent) 108 A-1 Market (Utility Room) NNN 1,022 (42 SF) 2/1/2014 1/31/2019 $1,781.90 $132.86 One 5-year 3% Annual 107 Top Cleaner (Agent) NNN 760 2/1/2014 1/31/2020 $1,266.90 $98.80 One 3-year 3% Annual 106b Hair Salon NNN 551 3/1/2014 2/28/2018 $875.50 $71.63 One 3-year 3% Annual 106 Botanica NNN 1,273 3/1/2014 2/28/2018 $1,586.20 $165.49 One 3-year 3% Annual 105 Anna's Flower NNN 1,064 1/1/2016 12/31/2018 $1,380.00 $138.32 One 3-year 3% Annual 103 State Farm NNN 1,064 3/1/2015 2/28/2019 $1,442.00 $103.03 One 3-year 3% Annual 102 Sofa Fashion NNN 1,064 4/20/2017 4/30/2019 $1,200.00 $138.32 One 3-year 3% Annual 101 Auto Part NNN 1,132 5/24/1990 M to M $1,170.00 $147.16 None None Total 7,972 Annual Gross Income: $133,724.64 $ 10,702.50 per month $128,430.00 $ 995.61 per month $11,947.27
INCOME ANALYSIS 8 Units Totaling ±7,972 Rentable Square Feet Market Cleaner H Salon Botanica Florist State Farm Sofa Fashion 108 107 106B 106 105 103 102 101 Mo Yr Square Footage 1,022 760 551 1,273 1,064 1,064 1,064 1,132 3/06/2018 Rent Sq $1.74 $1.67 $1.59 $1.25 $1.30 $1.36 $1.13 $1.03 $1.34 $16.11 Act Net Income $1,781.90 $1,266.90 $875.50 $1,586.20 $1,380.00 $1,442.00 $1,200.00 $1,170.00 $10,702.50 $128,430.00 Act NNN ($0.13) $132.86 $98.80 $71.63 $165.49 $138.32 $103.03 $138.32 $147.16 $995.61 $11,947.27 Gross Income $1,914.76 $1,365.70 $947.13 $1,751.69 $1,518.32 $1,545.03 $1,338.32 $1,317.16 11,698.11 $140,377.27 Total $/ sq ft $1.87 $1.80 $1.72 $1.38 $1.43 $1.45 $1.26 $1.16 3/06/2019 Rent Sq $1.79 $1.77 $1.64 $1.25 $1.39 $1.40 $1.17 $1.03 $1.39 $16.64 Act Net Income $1,833.40 $1,346.90 $902.00 $1,586.20 $1,480.00 $1,485.30 $1,250.00 $1,170.00 $11,053.80 $132,645.60 Act NNN ($0.19) $194.18 $144.40 $104.69 $241.87 $202.16 $108.18 $202.16 $215.08 $1412.72 $16,952.61 Gross Income $2,027.58 $1,491.30 $1,006.69 $1,828.07 $1,682.16 $1,593.48 $1,452.16 $1,385.08 $12,466.52 $149,598.21 Total $/ sq ft $1.98 $1.96 $1.83 $1.44 $1.58 $1.50 $1.36 $1.22 Auto Part
EXPENSES 8 Units Totaling ±7,972 Rentable Square Feet 2017 Edison Trash Water Repair Gardening/Clean Tax Insurance Jan $90.09 $249.59 $224.64 $140.00 $186.01 Feb $106.55 $249.59 $58.70 $140.00 $186.01 Mar $110.39 $249.59 $227.55 $140.00 $186.01 Apr $76.95 $249.59 $58.70 $140.00 $13,171.20 $186.01 May $63.02 $249.59 $294.48 $140.00 $186.01 June $70.89 $249.59 $58.70 $140.00 $186.01 July $70.00 $249.59 $222.52 $140.00 $186.01 Aug $70.00 $262.43 $58.70 $140.00 $186.01 Sep $70.00 $255.96 $409.32 $140.00 $186.01 Oct $70.00 $255.96 $59.90 $140.00 $186.01 Nov $78.87 $255.96 $424.32 $140.00 $186.01 Dec $73.74 $255.96 $59.90 $140.00 $13,171.20 $186.01 $950.50 $3,033.40 $2,157.43 $1,144.39 $1,680.00 $26,342.40 (New Tax) $2,232.16 $37,540.28 ($0.39 PSF) $8,021.33
PROPERTY OVERVIEW
BUILDING FEATURES Well Maintained 8-Unit Retail Center with Lots Potential 100% Occupancy Building Size: approx. 7,972 SF Lot Size: approx. 33,754 SF (0.77 acre) Signalized great corner location (SE Corner of Magnolia Street and Orangewood Avenue) Parking Spaces: 38 (4.92/1,000 SF) Monument sign available E-commerce resistance tenants Excellent tenant mixes Great street frontage Value Add Investment opportunity Lower than market rent & all NNN leases Owner collects only 30% of NNN expenses APN: 132-313-26
PARCEL MAP
SITE PLAN
PROPERTY AERIAL
LOCATION MAP
We l l Ma i nt a i ned Ret a i l Cent er DEMOGRAPHICS
DEMOGRAPHICS DATA
Exclusive Advisor: John Son 714.564.7183 json@lee-associates.com bre #01069091 my.leeorange.net/11512magnolia 1004 W. Taft Avenue, Suite 150 Orange, CA 92865 714-647-9100 LeeOrange.com