226 Avenida Del Mar, San Clemente, CA 92672
  • MLS#: OC24177898 ( Office )
  • Street Address: 226 Avenida Del Mar
  • Viewed: 3
  • Price: $12,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2023
  • Bldg sqft: 0
  • Days On Market: 75
  • Additional Information
  • County: ORANGE
  • City: San Clemente
  • Zipcode: 92672
  • Provided by: Beach Cities Real Estate
  • Contact: Sam Sam
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Additional Parcels Description
  1. 058-111-35
Building Area Total
  1. 5074.00
Commoninterest
  1. None
Country
  1. US
Current Use
  1. Commercial
Current Use Comments
  1. Rare Society Restaurant
Laundry Features
  1. See Remarks
Parcel Number
  1. 05811136
Postalcodeplus4
  1. 5537
Property Type
  1. Office
Water Source
  1. Public
Year Built
  1. 2023
Year Built Source
  1. Seller