23166 Los Alisos Blvd Mission Viejo, CA 92691

Property Details for 23166 Los Alisos Blvd

Year built

1988

Lot size

5.08 lot acres

Property size

81,408 SF

Property type

Showrooms

APN

809-571-01

APU

80957101

Description

Oaktree Village, a 78,564 square foot, three-building shopping center in Mission Viejo, CA (92691), presents a compelling value-add opportunity. This grocery-anchored center boasts a 79.94% occupancy and a strong NOI of $1,686,696. The property features a 28,888 square foot Mission Ranch Market, a successful local supermarket operating for 20 years, along with a diverse mix of tenants offering synergistic uses including fashion, dining, fitness, health and beauty, and services. Located on Los Alisos Blvd, a major thoroughfare with high visibility and convenient access to Interstate 5, the center benefits from three points of ingress and egress, including a signalized intersection. The property is situated within a highly desirable, affluent master-planned community, drawing from a large population (154,545 within a 3-mile radius) with a high average household income ($141,164). The property's location within Mission Viejo, a city known for its strong schools and low crime rates, offers high barriers to entry due to limited commercially zoned land. A significant value-add opportunity exists through leasing the underutilized second-story office space, with projections indicating a 62.27% NOI increase over ten years. The property is a two-story structure with a NNN lease type and is not subject to a ground lease. This is a rare opportunity to acquire a premier retail asset in a prime South Orange County location, near major national retailers such as Target, Home Depot, Trader Joe's, and others.

Location Insight

City

Mission Viejo

County

Orange

State

California

Longitude

-117.677

Latitude

33.6265

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments