2999 Westminster Ave 13,000 SF Office Building Seal Beach, CA 90740 $8,295,000 CAD ($638.08 CAD/SF)

TREMENDOUS UPSIDE OPPORTUNITY! Closest Comp just sold for $6,500,000. Rarely does a Commercial Multi-Tenant building come available in a Prime Location with a 5:1000 Parking Ratio that is producing strong income at only 49% leased. Comparable Building nearby just sold for $6,500,000 with minimal parking and no upside for rental income. Don't miss this Property! Seller has been keeping 51% available for an Owner/User with SBA Financing. Perfect for a Medical Operator (Medical with CUP). Pro Forma Income estimated at $65,000 to $75,000/month fully leased. This building is an incredible investment and has no deferred maintenance. New Roof in 2023; Fully Renovated in 2007 bringing Electrical and Air Handling up to code. Owner Occupies second (2nd) Floor currently and has been actively managing and maintaining the property. There is nothing at this age and price point in such good condition. High Quality Long Term Tenants occupy the first floor with only one small space available. Tenant mix consists of a Periodontist, Wellness Practice, Pilates Studio, Insurance and other healthcare related services. The building provides not only 56 Parking Spaces (5:1000) but has a Reciprocal Parking Agreement (in Perpetuity) with adjacent Seal Beach Village Plaza so there is even more parking availability. This is ideal for Medical Use and rare to find in a building a few minutes from the beach. Strategically positioned adjacent to the intersection of Seal Beach Boulevard and Westminster Avenue. Seal Beach Boulevard conveniently features a nearby on/ off ramp to the I-405 Freeway. The location boasts strong demographics consisting of 351,499 permanent residents with an average household income in excess of $90,000 within a five (5) mile radius, and 86,392 permanent residents with an average household income of $103,373 within a three (3) mile radius of 2999 Westminster Ave. Within 5-10 minutes drive time to multiple beaches and coastal areas in Seal Beach, Sunset Beach, Long Beach and Huntington Beach.