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22942 Ridge Route Dr
Lake Forest, CA 92630
Muirlands Retail Center · Retail Property For Sale
PROPERTY FACTS
- Storefront
- General Retail Restaurant
- General Retail Storefront Retail/Residential
- 198 ft on Ridge Route Dr.
- 189 ft on Muirlands Blvd.
Amenities
- Signalized Intersection
About 22942 Ridge Route Dr , Lake Forest, CA 92630
The William Kim Group of Marcus & Millichap is pleased to offer for sale Muirlands Retail Center, a 100% leased retail strip center in Lake Forest in Orange County, California. The center was constructed in 2010 and is comprised of 8,223 suqare-feet of rentable space on 33,858 square-feet of land at the signalized corner of Muirlands Boulevard and Ridge Route Drive. Just about a mile north of the property is Shea Baker Ranch with approximately 2,400 newly developed homes. Irvine Spectrum, UC Irvine, Portola Hills, Foothill Ranch are just short distance from the subject property. The center is currently 100% occupied by 5 tenants on NNN lease plus a cell tower for total of 6 tenants. The center is anchored by Mountain Mike's Pizza since 2010 on 10 year NNN lease with 3 -5 year options. Other tenants include Sprint Wireless Store, Mathnasium, Dental Office, Reflexology and a Verizon Cell Tower. This is an excellent opportunity to own a newer strip center with stable tenants in affluent neighborhood of Lake Forest in Orange County, California. As of last quarter of 2018, vacancy rate in the submarket is 5.7% with average rental rate of $2.90 per square-feet on triple net basis.
PROPERTY TAXES
Parcel Number | 617-132-20 | Improvements Assessment | $3,012,200 |
Land Assessment | $4,367,692 | Total Assessment | $7,379,892 |
PROPERTY TAXES
Listing ID: 15431166
Date on Market: 2019-03-13
Last Updated:
Address: 22942 Ridge Route Dr, Lake Forest, CA 92630
The Retail Property at 22942 Ridge Route Dr, Lake Forest, CA 92630 is no longer being advertised on LoopNet.ca. Contact the broker for information on availability.
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