Hilco Real Estate Announces The Offer Deadline Of A 2,900± SF Freestanding Multi-Functional Building In San Juan Capistrano

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Aug 16, 2018, 16:11 ET

NORTHBROOK, Ill., Aug. 16, 2018 /PRNewswire/ -- Hilco Real Estate LLC announces August 30, 2018 as the offer deadline date for a prime 2,900 sq. ft. freestanding multi-functional building currently operated as a popular event venue and gathering space in affluent Orange County, California.

With its prominent location, the facility is steps from the jewel of the area, the Mission San Juan Capistrano, regarded as the "birthplace" of San Juan Capistrano and sits mere minutes from picturesque historic Camino Capistrano. Benefiting from the old-fashioned charm of the area, it is close to the many shops, restaurants, and cafés that populate this highly sought-after neighborhood. Constructed in 1960, this property has gone through various renovations and remodels with the most recent completed in 2016. The property features a large open space ideal for group gatherings, as well as a commercial kitchen equipped with a six-burner stove, range hood, flat-top grill, fryers, plenty of prep counter space, and a built-in commercial P.A. system perfect for hosting events. The site also features 22 designated parking spaces in addition to a free parking lot adjacent to the site.

The Woman's Club has used the space as a community venue for hosting art shows, auctions, markets, and fundraising events. In addition, other clubs and nonprofit organizations have reaped the benefits of renting and using this space for their activities. Currently zoned as public and institutional, this property would be perfect for another similar fraternal organization, church, school, daycare, art gallery, museum/office park, or youth/community center.

The property, less than a mile from I-5, is set in the heart of Orange County. With its temperate climate, Orange County boasts parks and beaches with plenty of outdoor activities attracting tourists and Californians alike. Additionally, the county's prominent shopping malls, Knotts Berry Farm, Disneyland Resort's Disneyland, and Anaheim Convention Center aid in its tourism offerings. This property's location also benefits from the local attraction, Mission San Juan Capistrano, hosts 300,000 annual visitors.

Home to multiple company headquarters including Allergan, Edwards Lifesciences, Ingram Micro, Linksys, Blizzard Entertainment and regional company headquarters including Cypress, Hyundai, Mazda, Toshiba, Toyota, Samsung, and KIA Motors, Orange County's diversified workforce contributes to its robust economy and thriving business community. Moreover, from 2010 to 2018, Orange County has experienced a 6.50 percent rise in the local population and is home to 3.2 million residents currently. The flourishing economy is reflected in the county's affluent neighborhoods highlighting a median household income over $105,000 and a median home value over $815,000. With such prosperous demographics, the future use will be able to take full advantage of the strong financial underpinnings of the area's robust consumer base.

Jeff Azuse, Senior Vice President of Hilco Real Estate, stated, "With this being the first time in 80 years that this property has been available for sale, a perceptive end-user or investor will have the opportunity to acquire a well-equipped venue in a good community with idyllic demographics, rising population and a strong tourism backbone. The sale of this property offers the potential for a number of successful endeavors."

Offer Deadline is scheduled for Thursday, August 30. Offers must be delivered to the offices of Hilco Real Estate on or before 5:00 p.m. (CDT) on the day of the deadline to be considered. Interested buyers can submit their offers via mail to the following address: Hilco Real Estate, 5 Revere Drive, Suite 320, Northbrook, IL 60062, or via email to [email protected].

For further information on the property, an explanation of the sale process, Terms of Sale, and to obtain access to the Virtual Deal Room containing all property due diligence, please visit HilcoRealEstate.com or call (855) 755-2300.

For more information about this or other properties available for sale, please visit HilcoRealEstate.com.

About Hilco Real Estate
Hilco Real Estate ("HRE"), a Hilco Global company (HilcoGlobal.com), is headquartered in Northbrook, Illinois (USA). HRE is a national provider of strategic real estate disposition services. Acting as an agent or principal, HRE uses its experience to advise and execute strategies to assist clients in deriving the maximum value from their real estate assets. By leveraging multi-faceted sales strategies & techniques, aggressive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE consistently exceeds expectations.

SOURCE Hilco Real Estate