Active

226 Avenida Del Mar

San Clemente CA, 92672

$12,500,000


$2,463.54 per sqft

Active

5,074 sqft

Commercial

Built in 2023

Listed by Sam Smith with Beach Cities Real Estate 888-990-7111

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.

OC24177898

MLS ID

September 1, 2024

Listed

October 7, 2024

Updated

Map

226 Avenida Del Mar
San Clemente CA, 92672

Interior Features

Total Stories

2


Laundry Description

See Remarks


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.09 Acres


Lot Features

Walkstreet

Other Property Details

Area Name

SC - San Clemente Central


Days on Market

24


Garage

No


View

No


County

Orange


Water Source

Public


Pool

No

Listing Contact: 888-990-7111 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/7/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/7/2024 at 12:25 PM UTC

 

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