Buena Park Place_Property for Sale
Buena Park Place_Property for Sale
8191-8371 La Palma Ave, Buena Park, CA, 90620-3203, US

Buena Park Place

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire Buena Park Place, a 208,572 square foot, top-performing grocery-anchored shopping center located at 8191-8371 La Palma Avenue in Buena Park, California. The property is optimally located for both vehicle and foot traffic as Buena Park Place serves the northwest portion of Orange County between Cerritos and Anaheim with excellent access from the I-5 and Route 91 freeways, which carry approximately 241,000 VPD and 263,800 VPD, respectively. Additionally, the property is located close to major tourist destinations such as Knott’s Berry Farm and Disneyland which attract 4 million and 18 million visitors per year respectively. At 100% occupied, the center boasts a strong and diverse tenant roster. Current tenants include the fastest growing grocery chain in the US: ALDI, a top performing Kohl’s, PetSmart, ULTA, Planet Fitness, Michael’s, and Chick-Fil-A. With recent city planning initiatives, the property also holds considerable inherent land value as a future multifamily development site.

...

Attributes

Building area Gross
19,377 m²
Occupancy
100.00%
Year built
1961
NOI
NZ$5,859,000

Media

Investment Highlights

Top-Performing Grocery Anchored Center


100% Occupied With Credit Tenant Mix

and Daily Needs Tenancy


Large Traffic Counts with Freeway Access


Strong Foot Traffic


Densely Populated and Affluent Community


Strong Surrounding Demand Drivers


19.5 Acres of Land in Prime Orange County

With the Potential for Multi-Family Development


Embedded Value with Potential Redevelopment Opportunity

Contact brokers

Buena Park Place (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
5 Dec 2022