Skip To Content

140 W Wilshire Avenue

Fullerton, CA 92832
  • $3,770,000
  • STATUS: Active
  • ON SITE: 141 Days
  • ID#: PW21153646
UPDATED: 49 min ago
$3,770,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1949
County:

School Ratings & Info

Listing Agent: Cameron Irons of Svn / Vanguard


Description

Pleased to present an outstanding absolute NNN investment strategically located in the heart of Downtown Fullerton. Casa Bonita has 6 years remaining with two additional 5 year option periods. The lease is guaranteed by 2 strong financially backed companies.Fullerton is an affluent Orange County Submarket that has ideal proximity to both residential and commercial density which ensures the property is busy during all times of the day, every day of the week. The Casa Bonita Event Center is within walking distance to MetroLink, Fullerton's depot station, within Downtown Fullerton's restaurant over district (ROD), within a C-3 zoned area which provides long term development opportunity for a mixed use project (commercial and residential) and numerous other immediate trade area advantages.The Casa Bonita Event Center will be marketed free and clear of any existing financing creating an opportunity to place creative financing tailored to an investor's desired hold period and risk profile to further enhance returns. The Casa Bonita Event Center is ideally located near the intersection of Harbor Boulevard (44,300 vehicles per day) and Chapman Avenue (35,500 vehicles per day) with a total of over 79,800 vehicles passing the intersection daily. Traditional, linear configuration are conducive to high occupancy, optimal rents and low minimal capital expenditures coupled with recent capital improvements such as the roof and HVAC systems.Located in an area the City of Fullerton has designated as Parking District 1 which allows for a myriad of advantages for a developer to reposition and expand on the properties footprint. Please contact Jon Davis for additional information on Parking District 1.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-03T14:38:34.29. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Fox Real Estate Team | HomeSmart Realty West. Licensed in the State of California, USA.
www.thefoxfactor.com/homes/119304985
Print Image

140 W Wilshire Avenue Fullerton, CA 92832

  • Price: $3,770,000
  • Status: Active
  • On Site: 141 Days
  • Updated: 49 min ago
  • ID#: PW21153646
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1949
Built
Neighborhood:
83 - Fullerton
County:
Orange
Area:
83 - Fullerton
Property Description
Pleased to present an outstanding absolute NNN investment strategically located in the heart of Downtown Fullerton. Casa Bonita has 6 years remaining with two additional 5 year option periods. The lease is guaranteed by 2 strong financially backed companies.Fullerton is an affluent Orange County Submarket that has ideal proximity to both residential and commercial density which ensures the property is busy during all times of the day, every day of the week. The Casa Bonita Event Center is within walking distance to MetroLink, Fullerton's depot station, within Downtown Fullerton's restaurant over district (ROD), within a C-3 zoned area which provides long term development opportunity for a mixed use project (commercial and residential) and numerous other immediate trade area advantages.The Casa Bonita Event Center will be marketed free and clear of any existing financing creating an opportunity to place creative financing tailored to an investor's desired hold period and risk profile to further enhance returns. The Casa Bonita Event Center is ideally located near the intersection of Harbor Boulevard (44,300 vehicles per day) and Chapman Avenue (35,500 vehicles per day) with a total of over 79,800 vehicles passing the intersection daily. Traditional, linear configuration are conducive to high occupancy, optimal rents and low minimal capital expenditures coupled with recent capital improvements such as the roof and HVAC systems.Located in an area the City of Fullerton has designated as Parking District 1 which allows for a myriad of advantages for a developer to reposition and expand on the properties footprint. Please contact Jon Davis for additional information on Parking District 1.
Exterior Features

Lot Features Flat Sign On Property YN No Topography Level

Interior Features

Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 4.5 Common Interest None Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Terms CashCash To New Loan Net Operating Income 168000 Number Of Units Leased 1 Operating Expense 0 Property Sub Type Retail Special Listing Conditions Standard Water Source Public Zoning C-3



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-03T14:38:34.29. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Fox Real Estate Team | HomeSmart Realty West. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365787403-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365787403-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365787403-1.jpg
Logo
Fox Real Estate Team | HomeSmart Realty West
300 Carlsbad Village Drive #217
Carlsbad CA, 92008
Listing Agent: Cameron Irons of Svn / Vanguard