NAI Capital Completes Sale of Prime Retail Building in Anaheim, CA
Irvine, CA – August 8, 2019 – Senior Vice President Mariko Beaver with NAI Capital’s Irvine office completed the sale of a 15,000 SF freestanding retail building in Anaheim, California. Mariko represented the buyer, A & D Estates. The seller, Chalek Company LLC, was represented by CBRE. The property sold for $1.9M or $127 per square foot.
The property is located at 1672 W Lincoln Ave. Built in 1961, the property sits on a 27,878 square foot lot within the North Orange County submarket. The building has excellent street visibility, with outstanding signage, just East of Euclid and South of the Santa Ana 5 Freeway. The property is centrally located near Target, Walmart, Ross, TJ Maxx, Forever 21, Petco and other large national tenants. There are an estimated 304,878 people living within a 3-mile radius of the site, with an average annual income of $75,385. The property was 100% vacant at the time of the sale. The new owner plans to renovate the property and open a closeout brand-name home goods and apparel store.
Mariko said, “This was a great opportunity for my client to acquire an owner user retail property in an affluent area, with strong demographics, surrounded by thousands of homes and national retailers. This property is in a prime Orange County retail location with long term potential.”
About NAI Capital
NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, the premier managed commercial real estate service network with 375 Offices and 6,000 market leaders spanning the globe, NAI Capital provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, tenants, investors and developers throughout Southern California. NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.
NAI Capital Brokerage CA BRE #01990696.
To learn more, visit www.naicapital.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 6,000 local market professionals, managing in excess of 1.15 Billion square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com.
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