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.
Page 0 of 0
74-890 Highway 111 Indian Wells, CA 92210 |
Buying or selling a home? Contact us today. Looking forward to speaking with you!
Phyllis Cyphers
Realtor®
DRE# 01810454
Email: phyllis@phylliscyphers.com
Call: 714-323-1175
© 2024 Pacific Sotheby’s International Realty Affiliates LLC. All Rights Reserved.
Powered by:
One fine body…