29911 Aventura Rancho Santa Margarita, CA 92688
NNN leased commercial center portion in Rancho Santa Margarita, CA.
Property Features for 29911 Aventura
General Information
- Standard status
- Active
- Size
- 35,953 SF
- Property subtype
- Retail
Listing office Faris Lee Investments (949) 221-1810
Listing date May 15, 2026
Source Crexi
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 Faris Lee Investments
Investment Insights
Based on property information with market context.
Key Highlights
- NNN leases with diversified income stream.
- Significant upside potential with 16% vacancy and projected NOI growth.
- Flexibility to aggressively grow income stream due to lease terms.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.21M | $33.60 |
| − Vacancy | −$41.1k | −$1.14 |
| EGI | $1.17M | $32.46 |
| − OpEx | −$350.1k | −$9.74 |
| NOI | $816.9k | $22.72 |
Alternative Uses
Property Analytics
Current Use by Public Records
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