Listed by 888-990-7111 - Sam Smith - DRE #01243987 - Beach Cities Real Estate 888-990-7111
$12,500,000 affordable loan icon Calculate Payment

226 Avenida Del Mar San Clemente, CA 92672

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Office Residence
Beds
Baths
5,074 Sq. Ft.
0.09 Acre Lot

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Last updated on 12/24/2024 10:14 PM
224 & 226 Avenida Del Mar are being sold together as 2 of the premier Commerical buildings in San Clemente along with 3 prime parking lots situated behind the buildings on Avenida Cabrillo. These 2 properties are being sold as one package and offer great potential. Here are the Property Highlights:... 224 Avenida Del Mar: - Multi-unit property featuring 5 suites - Suite A: $6,000/month - Suite B: $3,500/month - Suites C, D, & E: One tenant occupies all three suites for a total of $13,000/month - All these leases are not triple net, providing flexibility for management 226 Avenida Del Mar: - Strong A Class Tenant: Rare Society Restaurant - Lease Rate: $25,000/month on a triple net lease - The stability of this tenant enhances the investment's appeal - This tenant is on a 10 year lease with 4% increases every 2 years Shared Parking Agreement: Both properties benefit from a verbal shared parking agreement, allowing for seamless access and future development potential on the 224 Avenida Del Mar property. Parking Lots: - Three additional lots located behind the properties, each with its own APN/Parcel number, ensuring ample parking for tenants and visitors alike. Investment Opportunity: The combined rental income from both properties presents a compelling cap rate, making this an attractive investment for buyers seeking to capitalize on the thriving San Clemente market. Join the Vibrant San Clemente Community: Take advantage of this rare opportunity to own prime commercial real estate in one of California's most desirable coastal towns. Continue reading
MLS#
OC24177898
Property Type
Office
Status
Year Built
2023
Square Feet
5,074 sq. ft
Lot Size
0.09

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Listed by 888-990-7111 - Sam Smith - DRE #01243987 - Beach Cities Real Estate 888-990-7111
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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This content last refreshed on 12/24/2024 10:14 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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