This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

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.

Attachments

118 S Cedros OM

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Dream Dinners
Orangetheory Fitness
Peet's Coffee
StretchLab
Yoga Six
San Diego County Credit Union
Starbucks
The Bar Method
Sprouts Farmers Market
Jpmorgan Chase & And Co

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
298-073-42
Land Assessment
£82,289
Improvements Assessment
£132,395
Total Assessment
£214,684
  • Listing ID: 28917495

  • Date on Market: 04/07/2023

  • Last Updated:

  • Address: 118 S Cedros Ave, Solana Beach, CA 92075

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}