Plaza Empresa - Rancho Santa Margarita

Plaza Empresa - Rancho Santa Margarita Property Images & Information

Plaza Empresa - Rancho Santa Margarita Property Description

Faris Lee Investments is pleased to offer a rare opportunity to purchase a portion of the Plaza Empresa Commercial Center in the affluent South County Orange County city of Rancho Santa Margarita. The offering features NNN leases with a diversified income stream from daily needs, health wellness, food, and services. The investment offers realistic upside potential with 16% vacancy and annual rent increases in every lease allowing for a projected 24% and 29% growth in NOI over 3 and 5 years upon lease up of the existing vacancies. There are 16 tenants with an average suite size of 2,225 sq. ft. which provides an optimal size space for tenants in this market. The many uses at the property provide for a pleasant and convenient experience as Plaza Empresa meets various customer needs in just one stop. Additionally, the offering provides greater flexibility with all leases having either no option to renew or a FMV option to renew, enabling the investor to aggressively grow the income stream while creating the optimal tenant mix. The offering comprises two parcels giving the investor the ability to potentially sell individual parcels for a profit and downsize the holding should the investment goals and objectives change.

Exclusive Investment Highlights

• 100% NNN Leases
• Annual rent increases from the entire income stream
• Ideally located near many corporate offices and business parks
• Projected 16% and 29% NOI growth over 3 & 5 years
• Diversified income stream from health/wellness, daily needs, food, and services
• Break up potential with two separate parcels | arbitrage investment opportunity

Area Overview

Rancho Santa Margarita is a master planned community in south inland Orange County with a population of nearly 50,000. Rancho Santa Margarita was incorporated at the beginning of the new millennium, on January 1st, 2000, becoming the 33rd city in Orange County. Bordered by Mission Viejo to the West, Coto de Caza to the East, Las Flores to the South, Trabuco Canyon to the North, Rancho Santa Margarita is nestled along the foothills of the Santa Ana Mountains. The city’s vision statement is “A Small City with the Soul of a Small Village.” Rancho Santa Margarita is the longest city name in California at twenty characters long. With California State Route 241 running through the entirety of the city, Rancho Santa Margarita is only a short drive away from Irvine and all it has to offer. Rancho Santa Margarita is filled with and surrounded by several golf courses and parks including O’Neill Regional Park, Lago Santa Margarita, Tijeras Creek Golf Course, Dove Canyon Golf Course, Coto de Caza Golf Club, and more, providing plenty of green space. The population density is 3,683 inhabitants per square mile and the average household income is over $150,000.

Financial Snapshot

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