$475,000
$495,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
1.31 Acres Lot
SOLD DATE : 08/05/2024
Key Details
Sold Price $475,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID HD24083205
Sold Date 08/05/24
HOA Y/N No
Year Built 1984
Annual Tax Amount $3,577
Tax Year 2023
Lot Size 1.310 Acres
Property Description
FOR SALE. An excellent investment, income-producing opportunity with great return. Rare opportunity to purchase a professional office condo, occupied, within the 40+ commercial condominium building known as the Lincoln Professional Center in Orange, CA. The building is beautifully maintained, right off the I-91 & I-55 freeway interchange with several levels, elevators and garden-style construction and architecture. The Class B building was built in 1984 with ample parking, over 40 condos of mixed uses comprising of medical and professional services, all professionally managed. Nearby retail, residential and other professional services.
Condo #213 is ±1,161 square feet, located on the second floor on the outside level with 2 private offices and 3 separate rooms with common doors in between. The Condo has updated flooring, paint and great natural lighting. The Condo is conveniently located right next to the common restrooms, staircase to the bottom floor, and the parking lot.
The tenant is long-term with initial lease expiring in 2032 with an option to extend thereafter. Annual increases allow for 3% increases to rent with all utilities paid by tenant. Call Agent for additional information.
Location
State CA
County Orange
Area 72 - Orange & Garden Grove, E Of Harbor, N Of 22 F
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Fence None
Roof Type Flat
Present Use Commercial
Building
Lot Description Level
Story 3
Water Public
Others
Tax ID 93828090
Security Features Fire Sprinkler System
Acceptable Financing Cash, Conventional, Submit
Listing Terms Cash, Conventional, Submit
Financing Cash
Special Listing Condition Standard
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Bought with Tony Scafidi • Rigel Capital
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "