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201-213 W Center Street Promenade
Anaheim, CA 92805

Center Street Promenade Bldg 2 · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
6,203 SF
Building Class
B
Year Built
2000
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.59
Lot Size
0.24 AC
Zoning
C
Parking
600 Spaces (15.62 Spaces per 1,000 SF Leased)
Frontage
299’ on Center St

ABOUT 201-213 W CENTER STREET PROMENADE , ANAHEIM, CA 92805

• Pride of Ownership Asset – Superb opportunity to purchase a 100% leased, ±6,203 SF, newly renovated, high-quality retail strip center leased to a synergistic mix of retail and restaurant tenants • Strong NOI Growth – Due to embedded increases, the Net Operating Income projects to increase more than $91,000 (43%) over the expected hold period » A 3.7% CAGR over 10 years • Modern, Mixed-Use Integration – Situated at the heart of CtrCity along Center Street Anaheim, a regentrified enclave within infill Anaheim, containing office, retail, residential and recreation and offers neighborhood goods and services with vintage vibes and a modern-day twist • Concentration of Restaurant or Food-Oriented Tenancy – Over 62% of the GLA is leased to restaurant, beverage or food-related tenancy that cannot be usurped by competition from the internet • High Quality, Recent Renovation – No deferred maintenance or near-term capital requirements to drain future cash flow

  • Listing ID: 15110813

  • Date on Market: 2/7/2019

  • Last Updated:

  • Address: 201-213 W Center Street Promenade, Anaheim, CA 92805