For Sale
$2,650,000

3553 Camino Mira CostaSan Clemente, CA 92672

Coastal CA Office, 8,400 SF, 3.51% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional two-story office building, totaling 8,400 square feet, presents a compelling investment opportunity in San Clemente, California. Situated on a 0.54-acre lot at 3553 Camino Mira Costa (APN 691-096-02), this Class C property boasts a prime location in a vibrant commercial area, close to major highways (including the 5 Freeway and Pacific Coast Highway), and numerous retail establishments such as Home Goods, Nordstrom Rack, and Sprouts. Built in 1979, the building currently has seven units with 68% occupancy, generating a Net Operating Income (NOI) of $93,099 and a 3.51% cap rate. The asking price is $2,650,000, representing a competitive price per square foot. The property's flexible leasing structure, with many tenants having less than a year remaining on their leases, offers significant upside potential for rental increases. Furthermore, the property is zoned Commercial-General, allowing for a variety of uses, and is suitable for owner-users seeking to benefit from a 10% down payment SBA financing program. This fee-simple ownership opportunity combines a strategic location with strong potential for future growth in a thriving coastal market. The property's high visibility and ample parking further enhance its appeal.

Highlights

  • Prime San Clemente location with easy highway access and nearby amenities.
  • Exceptional value at $315/SF, one of San Clemente's lowest priced office properties.
  • Flexible lease terms allow for immediate rental growth or owner-occupancy.
  • SBA financing available to owner-users with 10% down.

Property Details for 3553 Camino Mira Costa

Property type
Office properties, Medical offices
Square Feet
8,400 SF
Class
C
Year Built
1979
Buildings
1
Stories
2
Lot Size (sq. ft)
23,522 SF
Units
7

Location Insight

City
San Clemente
County
Orange
State
California
Latitude
33.455673967208
Longitude
-117.6574529553
3553 Camino Mira Costa, San Clemente, California

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3553 Camino Mira Costa
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