Saddleback Square
3443 East Chapman Avenue, Orange, CA, 92869, US
2,959 m²
Description
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the single-tenant EverBank located at 2800 East Coast Highway, Corona Del Mar, CA (the "Property" or "Asset"). Corona Del Mar is operating on a NN Lease with ±9.1 years of primary lease term remaining, 3% annual escalations and two, five-year options. The Property also benefits from dedicated on-site parking with the parking garage.
This offering presents investors with the opportunity to acquire a long-term leased bank in one of Southern California's most affluent coastal markets.
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Attributes
Asking price
IDR 110,016,368,000
NOI
IDR 5,222,402,000
Lease type
Net lease (N/NN/NNN)
Remaining lease term
9.1 years
Building area net
295 m²
Occupancy
100%
Year built
1980
Land area gross
0.05 ha
Media
Investment Highlights
- ±9.1 Years remaining NN Lease with minimal landlord responsibilities
- National Specialty Bank with $46.7B in Assets and $37.7B in Deposits
- 3% Annual Rent Escalations
- 1 Mile from Fashion Island, Ranked in the Top 15% Nationwide
- 3 Miles from Pelican Hill Resort, a Five-Star Luxury Coastal Destination
- Less than 3 miles from Crystal Cove; home prices spanning from $8M - $40M
- 15,000+ Homes Within 3 Miles Averaging $1.9M
- Average household income within 5-mile radius: $211K
- Daytime population increase within 1-mile: 78%
- Signalized PCH & Goldenrod Corner with accessibility to 105,000+ VPD
Contact brokers
Everbank - Corona del Mar, CA (0 Properties)
