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226 Avenida Del Mar

San Clemente, CA 92672

$12,500,000

List Price

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2023

calendar_month Built

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>

Listing Information

List Price $12,500,000
Status Active
MLS OC24177898
Type Commercial
Subtype Office
Year Built 2023
Lot Size 3,920
Structure Size N/A
DOM 24
Courtesy Of Beach Cities Real Estate
Listing Agent Sam Smith DRE#01243987

Interior Features

Laundry Information
Location(s) See Remarks
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

home_work Nearby Properties

Image

$5,942/month

king_bed N/A
shower N/A
straighten N/A
straighten 3,920
224 Avenida Del Mar,

San Clemente, CA 92672
Image

$3,800/month

king_bed 2
shower 1
straighten 825
straighten 4,154
222 Avenida Cabrillo C,

San Clemente, CA 92672
Image

$4,900/month

king_bed 2
shower 1
straighten 899
straighten 4,500
251 Avenida Del Mar , #C,

San Clemente, CA 92672
Image

$4,900/month

king_bed N/A
shower N/A
straighten N/A
straighten 4,500
251 Avenida Del Mar , #C,

San Clemente, CA 92672
Image

$1,500,000

king_bed N/A
straighten N/A
straighten 4,000
165 Avenida Serra,

San Clemente, CA 92672

Listing information courtesy of: Sam Smith, Beach Cities Real Estate . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 25th, 2024 at 7:46 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.