For Sale
$3,585,350

880 Broadway AveSeaside, CA 93955

High-yield grocery-anchored center.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 55,751 square foot retail center in Seaside, California. The property, built in 2006, boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $215,121 and a compelling 6.00% capitalization rate. Priced at $3,585,350, this asset offers significant potential for investors seeking a stable, high-performing retail portfolio addition. The center is strategically located at 880 Broadway Ave, Seaside, CA 93955, on a 0.49-acre lot with ample parking (191 spaces) and excellent visibility due to its location at a signalized intersection. The property is zoned Commercial Mixed Use (CMX) and includes a ±7,591 square foot building that is part of a larger shopping center. The anchor tenant is Grocery Outlet, providing a strong foundation for the center's continued success. The property's Assesor's Parcel Number (APN) is 011-297-003-000. This is a rare opportunity to acquire a well-positioned, high-performing retail center in a desirable California market. Don't miss this chance to secure a valuable addition to your investment portfolio.

Highlights

  • Grocery-anchored outparcel.
  • Located in a ±55,751 SF shopping center.
  • Excellent access and ample parking.
  • Situated at a signalized intersection.
  • Built in 2006.

Property Details for 880 Broadway Ave

Property type
Lifestyle centers, Power centers
Square Feet
55,751 SF
Year Built
2006
Lot Size (sq. ft)
21,344 SF

Location Insight

City
Seaside
County
Monterey
State
California
Latitude
36.6089689
Longitude
-121.8463307
880 Broadway Ave, Seaside, California

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880 Broadway Ave
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