22331 El Paseo - Freestanding FOR SALE


Rancho Santa Margarita, CA 92688- Samlarc
$15,375,000 USD
949-466-4882
22331 El Paseo, Rancho Santa Margarita, CA for Sale
$15,375,000 USD
Freestanding - FOR SALE
1/9
null | Request Cap Rate

22331 El Paseo
Rancho Santa Margarita, CA 92688
Samlarc


HIGHLIGHTS

  • ±22,000-SF Owner-User Building For Sale. Sale price $15,375,000 (±$699/sf).
  • Medical, retail, and office uses permitted per the CG zoning.
  • Prime 1.67-acre corner lot with incredible street presence.
  • Excess shared parking and no exclusivity clauses.
  • Best-in-class amenities within walking distance.
  • Generational opportunity to own in RSM with highly affluent demographics.

OVERVIEW

Landlord negotiated to secure a one-year termination option so this building can be delivered vacant within a year of closing escrow. In exchange for this highly-valuable owner option, the owner has agreed to provide 24-Hour Fitness with a below-market rent. Rent details will be provided to qualified buyers separately. Ideal situation for a user to get permits while still receiving income from 24-Hour Fitness. An owner-user can occupy the entire ±22,000-SF building (or over 51%) which will satisfy the SBA loan occupancy requirement. This is a rare opportunity that can accommodate uses that neighboring buildings cannot, due to the excess shared parking arrangement and no exclusivity clauses (which limits uses in neighboring projects). Rare opportunity to have over 243 parking stalls shared with the building next door. This building is on its own ±1.67-acre parcel which has approximately 84 parking stalls. There is a rare shared parking agreement with the approximate 159 stalls immediately adjacent to this parcel in the same parking lot. 600 Amps of power.

FOR SALE DETAILS

PRICE

$15,375,000 USD

PRICE/SF

$699 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,937 SF

ZONING

CG

APN/PARCEL ID

814-171-07

ASK ABOUT THIS PROPERTY

Steve EconomosEconomos DeWolf, Inc.More Info
949-466-4882

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Steve EconomosEconomos DeWolf, Inc.More Info
949-466-4882

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.