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22331 El Paseo 22,000 SF Retail Building Rancho Santa Margarita, CA 92688 $10,978,000 ($499/SF)
INVESTMENT HIGHLIGHTS
- ±22,000-SF Owner-User Building For Sale. Sale price $10,978,000 ($499/sf).
- Prime 1.67-acre corner lot with incredible street presence.
- Best-in-class amenities within walking distance.
- Medical, retail, and office uses permitted per the CG zoning.
- Excess shared parking and no exclusivity clauses.
- Generational opportunity to own in RSM with highly affluent demographics.
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
22,000 SF
Building Class
B
Year Built
1993
Price
$10,978,000
Price Per SF
$499
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
1.67 AC
Zoning
CG - Commercial
Parking
90 Spaces (7.4 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Freestanding building with no REA use restrictions - extremely unique opportunity for Tenant Landlord can recapture space with 12 mos. notice
| Space | Size | Space Use | Position | Available |
| 22331 | 22,000 SF | Retail | - | 120 Days |
22331
| Size |
| 22,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 120 Days |
22331
| Size | 22,000 SF |
| Space Use | Retail |
| Position | - |
| Available | 120 Days |
Freestanding building with no REA use restrictions - extremely unique opportunity for Tenant Landlord can recapture space with 12 mos. notice
Walk Score®
Very Walkable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 814-171-07 | Improvements Assessment | $4,031,550 |
| Land Assessment | $5,202,000 | Total Assessment | $9,233,550 |
PROPERTY TAXES
Parcel Number
814-171-07
Land Assessment
$5,202,000
Improvements Assessment
$4,031,550
Total Assessment
$9,233,550
CONTACTS
-
Steve Economos -
Geoffrey DeWolf -
Matthew Economos -
David Economos -
Economos DeWolf, Inc.
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22331 El Paseo
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