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Peter's Landing 3 Retail Properties Offered at $51,500,000 in Huntington Beach, CA
Investment Highlights
- Rare opportunity to acquire an extensively remodeled asset with a significant value creation opportunity.
- Founded in 1978, Mother’s Market & Kitchen is one of Southern California’s most popular organic grocery stores.
- Peter’s Landing offers second-level office suites with both marina and ocean-facing configurations.
- Extensive remodel was completed on Peter’s Landing in 2020, with approximately $14 million in capital improvements.
- Diverse income stream with approx. 62% of the rental revenue derived from retail/service tenancy and approximately 32% from office tenancy.
- Surrounding area has average household incomes of $161,379 and $133,338 within a 1 and 3 mile radius of the property.
Executive Summary
A generational investment opportunity, Peter’s Landing is a grocery-anchored mixed-use urban development that encompasses approximately 97,504 square feet of retail and office space. Featuring a complimentary mix of essential needs and experience-based retail tenancy on the ground level and a multi-tenant office component on the second level, Peter’s Landing provides consumers with a unique and experiential shopping and dining experience within an oceanfront setting and offers office tenants an amenity-rich environment within a vibrant coastal location. The property features national and regional tenants Mother’s Market & Kitchen, Starbucks, Golden Road Brewery (Anheuser-Busch), Sola Salons, and Edward Jones.
Peter’s Landing offers the rare ability to acquire an extensively remodeled asset with the ability to create value through lease-up of approximately 16,681 square feet of vacant gross leasable area (GLA), 17% of the total GLA, comprising 8,511 square feet of ground-floor retail GLA and 8,170 square feet of second-floor office GLA.
Peter’s Landing offers the rare ability to acquire an extensively remodeled asset with the ability to create value through lease-up of approximately 16,681 square feet of vacant gross leasable area (GLA), 17% of the total GLA, comprising 8,511 square feet of ground-floor retail GLA and 8,170 square feet of second-floor office GLA.
Taxes & Operating Expenses (Actual - 2026) |
Annual |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$3,476,641
|
Taxes & Operating Expenses (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | $3,476,641 |
Property Facts
| Price | $51,500,000 | Number of Properties | 3 |
| Price / SF | $522.37 / SF | Individually For Sale | 0 |
| Cap Rate | 6.75% | Total Building Size | 98,590 SF |
| Sale Type | Investment | Total Land Area | 9.01 AC |
| Status | Active |
| Price | $51,500,000 |
| Price / SF | $522.37 / SF |
| Cap Rate | 6.75% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 98,590 SF |
| Total Land Area | 9.01 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Peter's Landing
16390-16450 Pacific Coast Hwy, Huntington Beach, CA 92649 |
Retail | 86,833 SF | 1979 | - |
|
Peter's Landing
16360 Pacific Coast Hwy, Huntington Beach, CA 92649 |
Retail | 9,957 SF | 1980 | - |
|
Starbucks
16470 Pacific Coast Hwy, Huntington Beach, CA 92649 |
Retail | 1,800 SF | 2010 | - |
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Peter's Landing
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