118 S Cedros Ave
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118 S Cedros Ave
10,382 SF Retail Building Solana Beach, CA 92075 £7,097,055 (£684/SF) 4.49% Net Initial Yield
Investment Highlights
- 100% Occupied with 2 established tenants
- 17,662 CPD and heavy walk by traffic
- Walking distance to Solana Beach Coaster Station and the Beach
- Both Leases are NNN. Minimal Landlord Responsibility
- Rare opportunity to own on Cedros Ave, in Coastal Solana Beach
Executive Summary
Introducing a once-in-a-lifetime chance to acquire a remarkable retail location in the highly coveted World Famous Designer District on Cedros Street, situated in the vibrant community of Solana Beach. For the first time in half a century, this extraordinary property has emerged onto the market, making it an exceptionally rare opportunity for discerning investors. Property is 100% occupied with 2 well established tenants that have 2 years remaining plus One 5-Year option.
Nestled within a thriving commercial hub, vacancies in this area are a rarity, underscoring the immense value and desirability of this offering. A mere 30 feet away from the prominent intersection of Lomas Santa Fe Drive and Cedros.
The Cedros Design District boasts a lively atmosphere, attracting a diverse clientele of discerning shoppers and design enthusiasts. The prime location of these two separate 4,790sf and 5592sf spaces offers tremendous flexibility, catering to a range of businesses and commercial ventures.
Combine the two units (10,380 SF) to create an expansive retail haven that will leave an indelible mark on the vibrant Solana Beach community. With a combined total of 17,662 cars passing by daily, your business will benefit from unparalleled exposure to a captive audience of potential customers. Adding to the allure of this remarkable location is its proximity to the renowned Belly Up Music Venue, a renowned cultural landmark that draws music aficionados from near and far.
Now is the time to seize this extraordinary opportunity to own a large retail location in the World Famous Designer District on Cedros Street. With its unmatched visibility, exceptional foot traffic, and the buzz of cultural activity surrounding it, this is truly a unique property.
Nestled within a thriving commercial hub, vacancies in this area are a rarity, underscoring the immense value and desirability of this offering. A mere 30 feet away from the prominent intersection of Lomas Santa Fe Drive and Cedros.
The Cedros Design District boasts a lively atmosphere, attracting a diverse clientele of discerning shoppers and design enthusiasts. The prime location of these two separate 4,790sf and 5592sf spaces offers tremendous flexibility, catering to a range of businesses and commercial ventures.
Combine the two units (10,380 SF) to create an expansive retail haven that will leave an indelible mark on the vibrant Solana Beach community. With a combined total of 17,662 cars passing by daily, your business will benefit from unparalleled exposure to a captive audience of potential customers. Adding to the allure of this remarkable location is its proximity to the renowned Belly Up Music Venue, a renowned cultural landmark that draws music aficionados from near and far.
Now is the time to seize this extraordinary opportunity to own a large retail location in the World Famous Designer District on Cedros Street. With its unmatched visibility, exceptional foot traffic, and the buzz of cultural activity surrounding it, this is truly a unique property.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,382 SF
Building Class
B
Year Built
1970
Price
£7,097,055
Price Per SF
£684
Net Initial Yield
4.49%
NOI
£318,806
Tenancy
Single
Number of Floors
1
Building FAR
0.60
Land Acres
0.40 AC
Zoning
M
Parking
6 Spaces (2.19 Spaces per 1,000 SF Leased)
Frontage
41 ft on S Cedros Ave
Walk Score ®
Very Walkable (85)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 298-073-42 | Improvements Assessment | £132,395 |
Land Assessment | £82,289 | Total Assessment | £214,684 |
PROPERTY TAXES
Parcel Number
298-073-42
Land Assessment
£82,289
Improvements Assessment
£132,395
Total Assessment
£214,684
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118 S Cedros Ave
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