633 Williamson Avenue
Retail | 6.75% CAP | 39,019 SqFt
Marketing description
This offering presents a compelling opportunity to acquire a well-located automotive facility in a supply-constrained Orange County industrial corridor, combining in-place income with near-term upside. The asset is leased on a NN basis at $216,000 annually, reflecting a 6.75% cap rate, with only six months remaining on the lease, allowing for immediate mark-to-market, repositioning, or owner-user occupancy. Located within a dense infill submarket with strong demographics and limited inventory, the property benefits from sustained demand driven by a concentration of automotive and service-related businesses. The functional, purpose-built improvements support continued automotive use with minimal capital requirements, while the $3.2 million price point, or $289 per square foot, offers an attractive basis relative to the submarket.
Investment highlights
- Short-Term Lease = Flexibility: Near-term lease expiration provides the ability to negotiate a new long-term lease or reposition the asset.
- Owner-User Opportunity: Ideal for an operator seeking to occupy in a strong infill Orange County location with limited available inventory.
- Attractive Basis: Well-located asset offered at an attractive price per square foot relative to the submarket.
- Prime Infill Location: Dense, supply-constrained Orange County submarket with strong demographics
- Strong Industrial Corridor Location: Situated within a well-established industrial hub with a high concentration of automotive and service-related businesses.
- Functional Automotive Facility: Purpose-built layout suited for collision repair or other automotive uses.
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