Warner Marketplace_Property for Sale
Warner Marketplace_Property for Sale
17020-17150 Magnolia St, Fountain Valley, CA, 92708-3204, US

Warner Marketplace

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire Warner Marketplace, a 61,540 square foot top-performing grocery and drug-anchored center in the heart of Orange County. Adjacent to the cities of Huntington Beach, Westminster and Costa Mesa, the Property is located just off the 405 Freeway and sits adjacent to State Route 39. The Property benefits from high visibility with traffic counts of ±391,000 VPD at the junction of Magnolia St., Warner Ave. and the 405 Freeway. Current tenants include Aldi, CVS (NAP), US Bank (NAP), Goodwill, and a collection of shop tenants. The Property benefits from strong curb appeal with its 2019 renovation and 2022-2023 upgrades, which included new building facades and painting. Additionally, current Ownership invested further capital into the Property by means of an asphalt grind & overlay coupled with a fresh parking lot slurry seal, signage upgrades, roof replacement, and exterior painting, all completed as recent as 2024.

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Attributes

Occupancy
97.7%
Building area gross
5,717 m²
Land area gross
2.36 ha
Parking spaces
310
Year built
1974
Year renovated
2024
NOI
€1,406,000

Media

Investment Highlights

  • TOP-PERFORMING GROCER & DRUG ANCHORED CENTER
  • STRONG LEASING ACTIVITY SHOWCASES CENTER STRENGTH AND NOI GROWTH
  • DIVERSE, DAILY-NEEDS SHOPPING CENTER
  • RESILIENT TENANT ROSTER
  • IRREPLACEABLE FREEWAY ADJACENT CENTER
  • DENSE, AFFLUENT POPULATION AND GROWTH
  • ONGOING PROPERTY UPGRADES
Warner Marketplace 4_Property for Sale
Warner Marketplace 4_Property for Sale

Contact brokers

Warner Marketplace (0 Properties)

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Last updated
16 May 2024