Unison Properties
Anh Stovall, Unison PropertiesPhone: (408) 883-4317
Email: [email protected]

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listing
1 of 44
Single FamilyFor Sale
$12,500,000
226 Avenida Del Mar
San Clemente, CA 92672
Listed by: Sam Smith from Beach Cities Real Estate, 888-990-7111
MLS: Bay East Contra Costa (BECCAR)
5,074Sq Ft
Est. Mortgage
$64,623/mo

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

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