For Sale
$17,594,510

800 Broadway AveSeaside, CA 93955

High-yield retail center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fully occupied, 37,247 square foot shopping center located in Seaside, California. The property, comprised of four buildings, boasts a strong 6.00% capitalization rate and a substantial net operating income (NOI) of $1,055,670.60. The asking price is $17,594,510. Built between 2006 and 2013, the center features 191 parking spaces and is situated on a signalized corner, providing excellent access and visibility. The property is zoned CMX (Commercial Mixed Use), allowing for diverse tenant options. Currently operating under a triple-net (NNN) lease structure with multiple tenants, the center enjoys 100% occupancy. Lease options include two five-year extensions, providing long-term stability and predictable income streams. The property's prime location in Monterey County, at 800, 880 Broadway Ave, and 1553 & 1523 Fremont Blvd, Seaside, CA 93955, ensures high traffic and strong tenant demand. The limited availability of land and a water moratorium in the area create significant barriers to entry for competing retail developments, further enhancing the property's long-term value.

Highlights

  • 44,751 square foot shopping center.
  • Grocery-anchored center.
  • Strong tenant mix.
  • Excellent access and ample parking.
  • High-visibility corner location with signalized intersection.
  • Partially renovated in 2013 (originally built in 2006).

Property Details for 800 Broadway Ave

Property type
Lifestyle centers, Power centers
Square Feet
37,247 SF
Year Built
2006
Buildings
4

Location Insight

City
Seaside
County
Monterey
State
California
Latitude
36.6090077
Longitude
-121.847232
800 Broadway Ave, Seaside, California

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800 Broadway Ave
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