Introducing a once-in-a-lifetime chance to acquire a remarkable retail location in the highly coveted World Famous Designer District on Cedros Street, situated in the vibrant community of Solana Beach. For the first time in half a century, this extraordinary property has emerged onto the market, making it an exceptionally rare opportunity for discerning investors. Property is 100% occupied with 2 well established tenants that have 2 years remaining plus One 5-Year option.
PROPERTY FACTS
Sale Type Investment NNN
Property Type Retail
Property Subtype Storefront
Building Size 10,382 SF
Building Class B
Price $10,750,000
Price Per SF $1,035
Cap Rate 3.38%
NOI $363,593
Tenancy Single
Building Height 1 Story
Building FAR 0.60
Land Acres 0.40 AC
Zoning M
Parking Spaces (2.19 Spaces per 1,000 SF Leased)
Frontage 41 FT on S Cedros Ave
GALLERY
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Point Mortgage Corporation is licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. 2421 Fenton Street, Suite A, Chula Vista, CA 91914. NMLS ID #231073 (www.pointmtg.com). +1 619.475.4095. Point Mortgage Corporation and Coldwell Banker West are affiliated companies with common ownership and any other real estate companies showcased are not affiliated nor share common ownership. You are free to shop around for the best price and are not obligated to use the services of one or the other. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms, and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend.
Source: MBS Highway
Disclaimer: These property and loan scenarios are for demonstration purposes only and in no way guarantee what actual payments or results may be. The interest rates are subject to change. The forecasts and projections for waiting to purchase are not a guarantee. Actual results may vary. This document should not be construed as investment or mortgage advice or a commitment to lend. Your results may vary. There are no guarantees, promises, representations and/or assurances concerning the level of accuracy you may experience. For actual and current terms and rate information, please contact your lender directly. Monthly expenses may or may not include condominium or HOA fees, if applicable; your payment may be greater. *Lender is not a tax consultation firm. Please seek advice from a tax professional.
Source: MBS Highway
Disclaimer: These property and loan scenarios are for demonstration purposes only and in no way guarantee what actual payments or results may be. The interest rates are subject to change. The forecasts and projections for waiting to purchase are not a guarantee. Actual results may vary. This document should not be construed as investment or mortgage advice or a commitment to lend. Your results may vary. There are no guarantees, promises, representations and/or assurances concerning the level of accuracy you may experience. For actual and current terms and rate information, please contact your lender directly. Monthly expenses may or may not include condominium or HOA fees, if applicable; your payment may be greater. *Lender is not a tax consultation firm. Please seek advice from a tax professional.