226 Avenida Del Mar
San Clemente, CA 92672
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<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>
| 3 months ago | Status changed to Active | |
| 3 months ago | Listing updated with changes from the MLS® | |
| 3 months ago | Listing first seen on site |
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