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31559302
31559304

31911-31991 Dove Canyon Drive, RAncho Santa MArgarita, CA 92789 For Sale

JR
CA CA 01928036
SRS Real Estate Partners Newport Beach
JC
CA 01915138
SRS Real Estate Partners Newport Beach
KZ
CA 02222176
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach
$28,986,000
64 days on market
Updated 2 days ago

Dove Canyon Plaza

Details
APN 804-542-26
Property Type Retail
Sub Type Restaurant, Storefront (+1)
Square Footage 65,677
Cap Rate 6.50%
NOI $1,884,115
Occupancy 94%
Tenancy Multi
Price per SqFt $441
Year Built 1991
Year Renovated 2023-2026
Acreage 8.990
Zoning Commercial - Neighborhood
Parking Spaces 293 spaces
Parking per 1,000 SqFt 4.46
Ownership Fee Simple (Land & Building)

Retail | 6.50% CAP | 65,677 SqFt

Marketing description

SRS Capital Markets is pleased to present the exclusive opportunity to acquire Dove Canyon Plaza, a 65,677 SF anchored retail center situated at the gateway to two of South Orange County’s most coveted gated communities — Dove Canyon and Coto de Caza. This fee simple offering represents a rare chance to own institutionally positioned retail real estate in a submarket defined by extreme wealth concentration, physical land constraints, and virtually zero new commercial supply. In addition, Dove Canyon Plaza has recently undergone comprehensive capital improvements including full exterior repainting and parking lot restriping, and the property presents in institutional condition. The weighted average lease term of 7.0 years, combined with the fact that nearly three-quarters of occupied GLA has been committed to within the past three years, reflects a tenant base actively choosing this location, not one holding over from prior cycles.

Listing Contacts

JR
CA CA 01928036
SRS Real Estate Partners Newport Beach
JC
CA 01915138
SRS Real Estate Partners Newport Beach
KZ
CA 02222176
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$1,884,115.00
$157,009.58/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
John Redfield
License
CA 01928036
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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