OFFERING PRICE:

$4,632,000


OCCUPANCY:
100%
FEATURED LISTING:
GOLDENWEST SHOPPING CENTER
15891-15951 Goldenwest Street, Huntington Beach, CA
INVESTMENT HIGHLIGHTS
 
Established, Infill Orange County Strip Center – Goldenwest Shopping Center is a ±10,210 SF retail strip center that is 100% leased to a complementary “daily needs” mix of essential service, medical and retail services
 
Strong Real Estate Fundamentals – In place rents at Goldenwest Shopping Center are well below prevailing market rates (30% below), enhancing tenant stability and competitiveness
 
Excellent NOI Growth – Due to a combination of scheduled rental increases and rolling below market rents to market, the NOI is projected to grow more than $132,000 (61%) over the anticipated hold period, equating to a CAGR approaching 5%
 
Community College Adjacent – Located at the intersection of Goldenwest Street & Edinger Ave (35,000 CPD), Goldenwest Shopping Center sits at the gateway to one of Orange County’s premier junior colleges, keeping the property busy throughout the day and night
 
Dense and Infill Orange County Demographics – More than 496,000 people in a 5-mile radius with an Average Household Income exceeding $111,000
 

 

 
FOR MORE
INFORMATION
PLEASE CONTACT:
 
NRP-WEST
PHILIP D. VOORHEES
+1 949 725 8521
Lic. 01252096
phil.voorhees@cbre.com
 
MEGAN WOOD
+1 949 725 8423
Lic. 01516027
megan.wood@cbre.com

 
ERIC SHAIN
+1 949 809 3758
Lic. 02050566
eric.shain@cbre.com
 

THIS IS A MARKETING COMMUNICATION

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

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