SAN CLEMENTE’S SHOPPING CENTER DEALS NOW

  • $23,251,000

Description

Walmart Anchored Class A Shopping Center in Exclusive Area of San Clemente – A Premium Asset for your Portfolio

Plaza Pacifica 979 Avenida Pico San Clemente, CA 92673 23,679 SF 96% Leased 4-Star Retail Building ($981.92/SF) 5% Cap Rate $23,251,000

INVESTMENT HIGHLIGHTS FOR PLAZA PACIFICA SHOPPING CENTER

  • Shopping Center at it’s Best. Walmart, Lowes, Bank of America, Rare chance to acquire a top-performing shadow anchored grocery center in a premier South Orange County retail market
  • Excellent National/ Regional Retailers: Board & Brew , Baja Fresh, AT&T, Verizon, NFCU, Mattress Firm
  • Adjacent to New State of Art $20M Hoag Medical Center- 20Ksqft – serving San Clemente trade area
  • Assumable 4.40% fixed-rate loan with full-term interest-only payments, maturing in May 2029
  • Albertsons recently spent significant capital converting to Pavilions- higher end grocery concept
  • Affluent, densely populated area with $195K+ average income and 35K+ daytime employees nearby

EXECUTIVE SUMMARY FOR PLAZA PACIFICA SHOPPING CENTER

Faris Lee Investments is pleased to offer the rare opportunity to acquire a South Orange County shadow anchored grocery center in the affluent community of San Clemente, California. The center is shadow anchored by a recent fully renovated Pavilions with an excellent tenant lineup including Board & Brew , Baja Fresh, Verizon Wireless, AT&T, NFCU and Mattress Firm. Plaza Pacifica is the dominant community center in San Clemente and is additionally anchored by Walmart and Lowe’s. The property’s location provides ideal positioning for tenants to draw customers from the surrounding neighborhoods, further establishing the center’s dominant and competitive position within the trade area. Plaza Pacifica thrives from the high discretionary income trade area with an average household income in excess of $195,000 within a 3 mile radius, and the densely in-fill trade area, over nearly 100,000 permanent residents and 35,000 daytime consumers within a 5-mile radius of the subject property.

PROPERTY FACTS
Sale Type Investment
Property Type Retail
Property Subtype Freestanding
Building Size 23,679 SF
Building Class A
LoopNet Rating 4 Star
Year Built 2002
Zoning C-C – Commercial
Parking 117 Spaces
Price $23,251,000
Price Per SF $981.92
Cap Rate 5%
NOI $1,162,534
Percent Leased 96%
Tenancy Multiple
Building Height 1 Story
Building FAR 0.22
Lot Size 2.43 AC
4.94 Spaces per 1,000 SF Leased

PROPERTY TAXES

Parcel Number688-131-22Improvements Assessment$5,337,463 (2024)
Land Assessment$9,641,425 (2024)Total Assessment$14,978,888 (2024)
  • Address: 979 Avenida Pico San Clemente, CA 92673
  • Zip/Postal Code: 92673

Contact Information

View Listings
Argossy International Properties

Enquire About This Property

Compare listings

Compare