SAN CLEMENTE’S SHOPPING CENTER DEALS NOW
- $23,251,000
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 Number | 688-131-22 | Improvements Assessment | $5,337,463 (2024) |
| Land Assessment | $9,641,425 (2024) | Total Assessment | $14,978,888 (2024) |
Address
Open on Google Maps- Address: 979 Avenida Pico San Clemente, CA 92673
- Zip/Postal Code: 92673
Contact Information
View Listings- Argossy International Properties
- 760-507-1222
Enquire About This Property

- Argossy International Properties









