Seaview Plaza 20422 Beach Blvd 35,555 SF 97% Leased Office Building Huntington Beach, CA 92648 $9,900,000 ($278.44/SF) 5.54% Cap Rate

Wonderful opportunity to purchase a seasoned 97% leased South Orange County office building in Huntington Beach. Seaview Plaza is a four story office building served by one elevator and two stairways. A majority of the suites are under 1,000 SF which is ideal for small local businesses. Many of the existing tenants have occupied the building for over 10 years. Several of the suites have ocean views. Current rents are below market area asking rents which provides an opportunity for increased income.
Additionally, the building has four rooftop cellular tenants in place. The cellular tenants include AT&T, Verizon, Dish Network and Prime Communications ( T- Mobile) . Several of the cellular tenants have been in place for over 15 years and have long term lease agreements in place. The current annual cellular income is $182,606 and is included in the income schedule. Ownership currently has several offers in the $3.1M range on the cellular space but would prefer the building be sold with the cellular tenants. An investors could potentially sell off the cellular leases and retain the office building after purchasing. The property and land also has future potential for mixed use housing, verify with the City of Huntington Beach.