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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.
Property Type(s):
Commercial
| Last Updated | 9/1/2024 | Year Built | 2023 |
|---|---|---|---|
| Community | San Clemente Central | County | Orange |
Additional Details
| AREA | San Clemente Central |
|---|---|
| LOT | 3920 sq ft |
| LOT DESCRIPTION | Walkstreet |
| STORIES | 2 |
| WATER | Public |
Location
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Listed with Beach Cities Real Estate
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