226 Avenida Del Mar Active

San Clemente,CA 92672

$ 12500000

- Bed

- Bath

5074 SqFt


Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 5,074 sqft

Price per Sqft $2,463

MLS Listing ID OC24177898

Year Built 2023

Lot Size 3,920 Sqft

Property Description

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.

Location

State CA

County Orange

Area Sc - San Clemente Central

Rooms

Ensuite Laundry See Remarks

Interior

Laundry Location See Remarks

Laundry See Remarks

Building

Lot Description Walkstreet

Story 2

Water Public

Others

Acceptable Financing Cash,Cash to New Loan

Listing Terms Cash,Cash to New Loan

Special Listing Condition Standard

View More
Favorite Go Tour