1011 AVENIDA PICO for sale in San Clemente, California

$3,850,000

PRICE REDUCED!! THIS IS A RARE VALUE ADD OPPORTUNITY WITH ONLY 81% OCCUPANCY AND BELOW MARKET RENTS THAT WERE EXECUTED IN 2011.
This is a rare opportunity for an investor to purchase two multi-tenant retail buildings totaling approximately 9,216 rentable square feet within a 67,744 square foot established shopping center in Orange County, California. The entire retail center benefits from national tenants and traffic flow, and synergy created by these tenants. The national and regional tenants in the center but are not included in the offering are, UPS Store, Z-Pizza, Starbucks, Quizno and US Bank. The property caters to retail, restaurants and professional office users.

The property has three curb cuts that provide excellent access to the property. The Courtyards at Talega offering is 2 of the 6 buildings in the center. The property includes approximately 6.50 acres of land with reciprocal easements for all owners within the center. Courtyard at Talega Phase I is an office and retail center on approximately 1.970 acres of land that is in the center and not included in this offering.

Details
Property Class: Commercial
Type: Retail
Listing Status: Active
City: San Clemente
Area: TL - Talega
County: Orange
State: CA
Property Sub Type Descr: Retail
Living Area (SqFt): 9216 sq. ft.
Lot Size Area Sq Feet: 115020.00
Lot Size Area Acres: 2.64000
Property Tax: $40,140
Listing#: OC
Parcel Number:

Year Built: 2003
List Date: 6/23/2015
Class: Commercial
Property Subtype: Retail
Approx Lot Size: 2.640

Construction Material: Concrete, Stucco
Roof: Tile
Lot Desc: Access Road Paved, Access via City Streets, Landscaped, Lot Over 40000 Sqft, Lot Shape-Irregular, Near Public Transit
Road: Paved
Present Use: Retail
Utilities Water: District/Public


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