201-261 S Lakeview Ave | Placentia, CA 92870
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- LoopNet Team
201-261 S Lakeview Ave
Placentia, CA 92870
Cobblestone Professional Bldg · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Premier Location: Situated in the vibrant City of Placentia, Orange County, with easy access to major highways, including the 91, 55, and 57 Freeways.
- Significant Rental Upside: Current below-market rents average only $0.78 per square foot, providing a potential 237% upside with some improvements.
- Favorable Financing Options: SBA financing available with a 10% down payment, resulting in a mortgage payment equivalent to approximately $1.37 per SF
- Attractive Pricing: Offered at just $244 per square foot, making this property the lowest-priced asset within a five mile radius.
- Flexible Leasing Structure: All tenants are on MTM leases, allowing for immediate rent increases and the option for an owner-user to occupy
PROPERTY FACTS
Property Type
Office
Property Subtype
Building Size
23,500 SF
Building Class
C
Year Built
1979
Percent Leased
93%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,750 SF
Slab To Slab
11’
Building FAR
0.46
Lot Size
1.17 AC
Zoning
C-1 - C-1, Placentia, check with city to verify your business use
Parking
77 Spaces (3.28 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
- Signage
- Natural Light
- Balcony
PROPERTY TAXES
| Parcel Number | 343-361-26 | Improvements Assessment | $781,514 |
| Land Assessment | $503,358 | Total Assessment | $1,284,872 |
PROPERTY TAXES
Parcel Number
343-361-26
Land Assessment
$503,358
Improvements Assessment
$781,514
Total Assessment
$1,284,872
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