We are delighted to introduce this high-traffic commercial property located in the central area of Santa Ana, spanning 720 square feet. This property has served as the premises for El Picante Mexican Food Restaurant for over 20 years. Tenant ran a successful business here and intend to stay longer. The lease will expire June 2025 with 10 years options. The capitalization rate stands at 5.9%, generating an annual gross income of $40,404. The property is offered for sale in its current condition, "as-is."
Electricity Connected, Natural Gas Connected, Sewer Connected
Based on information from California Regional Multiple Listing Service, Inc. as of April 28th, 2024 at 2:55pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
