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2736 W Orangethorpe AVE W Fullerton, CA 92833
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Key Details
Sold Price $3,100,000
Property Type Commercial
Sub Type Special Purpose
Listing Status Sold
Purchase Type For Sale
Square Footage 17,161 sqft
Price per Sqft $180
MLS Listing ID PW21013625
Sold Date 11/17/21
HOA Y/N No
Year Built 1965
Annual Tax Amount $38,750
Tax Year 2021
Lot Size 0.977 Acres
Acres 0.9766
Lot Dimensions Assessor
Property Description
The Fullerton West Executive Office Park represents a unique investment opportunity, offering 70 total units plus a separate independent cell tower income stream. 40 of the units offer exclusive Conditional Use Permits (CUP) designations for Single Display Automobile Retail License use which allows for retail automotive sales in California. The Single Display Automobile Retail Sales License CUP designation has been extended to only two buildings in Fullerton by the City Planning Commission (very few others in Orange County) creating HIGH DEMAND and high occupancy rates for these CUP units. This property also has a high volume cell phone & antenna tower generating hassle-free, steady, additional long-term income. The cell phone equipment was upgraded in 2019 & the tower, servers & back-up generator are self-managed by Triple A rated Crown Castle/AT&T requiring minimal landlord management. 30 of the units offer small executive suites for general office use. Some of the units have inside plumbing and restroom facilities, including showers. One of the tenants has a long-standing retail tobacco store. The Property is located just north of the heavily traveled 91 & 5 freeway junction/off ramp on the Southwest corner of Orangethorpe & Magnolia. The property has a free-standing retail pole and building sign that can be seen from the freeway in the day & night. The upside potential for this property and its unique income stream offer a significant opportunity for the right investor.
Location
State CA
County Orange
Area 83 - Fullerton
Building/Complex Name Fullerton West Executive Offices
Zoning General Commercial
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry None
Exterior
Fence Chain Link
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Asphalt,Flat
Total Parking Spaces 72
Building
Lot Description Corner Lot, Lot Over 40000 Sqft, Near Public Transit, Level
Story 2
Water Public
Others
Tax ID 07105194
Security Features Closed Circuit Camera(s),Window Bars
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard, Trust
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Bought with James Cameron • Berkshire Hathaway Home Svc.