ADAMS PLAZA | 204 Adams Ave
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ADAMS PLAZA 204 Adams Ave
5,750 SF 100% Leased Retail Building Huntington Beach, CA 92648 $3,999,000 ($695/SF) 4.20% Cap Rate
Investment Highlights
- Downtown "SURF CITY" Huntington Beach location.
- Pro-rata share TENANT reimbursements for combination of CAM, Taxes, Insurance and Management Fee
- Tenant roster services consumer needs including food service, entertainment and hair & beauty salon.
- Significant Exposure from heavy foot and vehicle traffic.
- Proximity to the famous PCH highway
- CONTACT RBOKERS DIRECTLY: FRED FUREY 714-458-6340 TEXT OR DEBI MURRAY 949-981-7570
Executive Summary
SELLER MOTICATED. The PREMIER property is strategically located in the heart of ORANGE COUNTY'S "SURF CITY" DOWNTOWN HUNTINGTON BEACH. Ideal BEACH / COASTAL commercial corridor with active surrounding businesses. ADAMS PLAZA is adjacent to shopping centers and a variety of service amenities, benefiting from substantial foot traffic. Proximity to the famous PCH highway ensures excellent regional connectivity, making it an attractive location for both local and tourist customers. Perfect Investment opportunity with a coveted tenant mix. Current tenants possess attractive leases with pro-rata share reimbursements for combination of CAM, Taxes, Insurance and Management Fee Expenses providing passive incomes with annual rent increases to hedge inflation, with staggered lease end dates to maximize flexibility. Currently 80% are occupied by a synergistic tenant roster that service several consumer needs including a mix of food service, entertainment and beauty salon. CONTACT BROKERS DIRECTLY: FRED FUREY 714-458-6340 TEXT OR DEBI MURRAY 949-981-7570
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,750 SF
Building Class
C
Year Built
1979
Price
$3,999,000
Price Per SF
$695
Cap Rate
4.20%
NOI
$167,958
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Land Acres
0.37 AC
Zoning
CG - Commercial.
Parking
22 Spaces (3.83 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Blossom Beauty Salon
- Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
- Driftwood
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
- Mini Mex Taco Shop
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
- Munchies Pizza
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Blossom Beauty Salon | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Driftwood | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Mini Mex Taco Shop | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Munchies Pizza | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (89)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,374,218 (2023) | |
| Land Assessment | $888,974 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $485,244 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$888,974 (2023)
Improvements Assessment
$485,244 (2023)
Total Assessment
$1,374,218 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
-
Fred Furey - Furey Properties
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ADAMS PLAZA | 204 Adams Ave
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