226 Avenida Del Mar, San Clemente, CA 92672
-
Listed Price :
$12,500,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
2023
Property Description
<p>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:</p>
<p>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</p>
<p>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.</p>
<p>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.</p>
Interior Features
| Laundry Information |
| Location(s) |
See Remarks |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
226 Avenida Del Mar |
| City |
San Clemente |
| State |
CA |
| Zip |
92672 |
| County |
Orange |
| Listing Agent |
Sam Smith DRE #01243987 |
| Courtesy Of |
Beach Cities Real Estate |
| List Price |
$12,500,000 |
| Status |
Active |
| Type |
Commercial |
| Subtype |
Office |
| Structure Size |
N/A |
| Lot Size |
3,920 |
| Year Built |
2023 |
Listing information courtesy of: Sam Smith, Beach Cities Real Estate. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 5:48 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
