Net Leased Bank
For Sale
Contact for pricing
Pending
14011 Beach Boulevard, Westminster, CA 92683
Chase Bank property newly extended with a 10% rent increase effective 03/27.
Property Size14,774 SF
Days on Market1045
Property Features for 14011 Beach Boulevard
General Information
Standard status
Pending
Size
14,774 SF
Total Parking Spaces
85
Property subtype
Retail
Zoning
C1 (Commercial) with Overlay of MU-40 (Mixed-Use 40 Units/Acre)
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$322,816
Building Details
Year Built
1963
Year Renovated
2018
Buildings
1
Stories
2
Units
1
Tenancy
Single
Listing Agency:
CBRE - South Bay
Listed By:
Dan Riley · License #01057519
(310) 363-4899
Source:
Crexi
Added: Dec 12, 2023
Changed: Oct 13
Last Checked: Oct 20 at 8:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - South Bay
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Investment Insights
Based on property information with market context.
This newly extended Chase Bank building is offered for sale as a net leased asset. The extension includes a 10% rent increase effective 03/27, providing an updated income component tied to the lease.
The property is located on a high-traffic corner at 14011 Beach Blvd in Westminster, California. The offering is identified as a West-facing corner location with “Westminster CACA” noted in the public remarks.
The asset is listed for sale at $5,825,000 and includes a total property size of 14,774 square feet as provided in the available information.
The property is located on a high-traffic corner at 14011 Beach Blvd in Westminster, California. The offering is identified as a West-facing corner location with “Westminster CACA” noted in the public remarks.
The asset is listed for sale at $5,825,000 and includes a total property size of 14,774 square feet as provided in the available information.
Key Highlights
- Chase Bank property built in 1963
- Newly extended STNL lease with a 10% rent increase effective 03/27
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$335,670
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,713,400
$6.7M
Cap Rate 7%
$4,795,286
$4.8M
Cap Rate 9%
$3,729,667
$3.7M
Market Conditions
NOI Build-Up for 14,774 SF
Gross rent
$496.4K $33.60/SF
− Vacancy
−$16.9K −$1.14/SF
EGI
$479.5K $32.46/SF
− OpEx
−$143.9K −$9.74/SF
NOI
$335.7K $22.72/SF
Area
Orange County, CA
Vacancy
3.40%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,713,400
Cap Rate 7%
$4,795,286
Cap Rate 9%
$3,729,667
Alternative Uses
Best Use
Retail
$4.80M
$4.20M – $5.59M
NOI $335,670 @ 7.0% cap · market cap 5.79%
Second Best
Specialty Retail
$4.75M
$4.15M – $5.54M
NOI $332,267 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$4.96M
$4.34M – $5.79M
NOI $347,360 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,694
Businesses Nearby
75k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 25%
Apparel 7%
Hotels & Casinos 3%
Starbucks
Dining
17,104 visits/mo
0.1 miles
Chase Bank
Shops & Services
15,007 visits/mo
0.1 miles
Wells Fargo
Shops & Services
13,353 visits/mo
0.0 miles
7-Eleven
Shops & Services
7,662 visits/mo
0.5 miles
76
Shops & Services
6,899 visits/mo
0.3 miles
Demographics for 92683, CA
90,946
Population
29,075
Households
3.1
Avg Household Size
42
Median Age
26%
College-Educated
78%
High-School Grad
9.7 sq mi
ZIP Area
9,376
Density / Sq Mi
$82,703
Median Household Income
$39,821
Median Earnings
$2,101
Median Rent
$820,000
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Bank - Chase Bank property newly extended with a 10% rent increase effective 03/27.
Where is this bank located?
The property is located at 14011 Beach Boulevard Westminster, CA.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: Chase Bank property built in 1963; Newly extended STNL lease with a 10% rent increase effective 03/27
