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3700 E Coast Hwy 2,160 SF Retail Building Corona Del Mar, CA 92625 $6,916,950 CAD ($3,202.29 CAD/SF) 4.05% Cap Rate
INVESTMENT HIGHLIGHTS
- Currently occupied by Douglas Elliman & the Altman Brothers, the property is one of the most prominent buildings along Coast Highway in Corona Del Mar
- Douglas Elliman invested a significant amount of capital into the property, which highly improved the asset
- Rare, single-tenant retail opportunity in Corona Del Mar; this coastal community is in the heart of coastal Orange County
- Lease is 100% NNN with zero Landlord obligations or responsibilities
EXECUTIVE SUMMARY
3700 E. Coast Highway is a rare opportunity to purchase a trophy single-tenant asset in the heart of Corona Del Mar. In 2022, the property underwent a significant renovation
by the current tenant, Douglas Elliman (the Altman Brothers), with no expense spared to improve both the interior and exterior of the property. This is Douglas Elliman’s
flagship real estate office for the Newport Beach trade area and the Altman Brothers team is one of the most recognized real estate teams in luxury real estate.
by the current tenant, Douglas Elliman (the Altman Brothers), with no expense spared to improve both the interior and exterior of the property. This is Douglas Elliman’s
flagship real estate office for the Newport Beach trade area and the Altman Brothers team is one of the most recognized real estate teams in luxury real estate.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,160 SF
Building Class
C
Year Built/Renovated
1952/2022
Price
$6,916,950 CAD
Price Per SF
$3,202.29 CAD
Cap Rate
4.05%
NOI
$280,154 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.20 AC
Zoning
CC - Commercial Corridor
Parking
10 Spaces (4.63 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- the Altman Brothers
- -
- -
- -
- Sep 2027
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| the Altman Brothers | - | - | - | Sep 2027 |
Walk Score®
Very Walkable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 459-221-01 | Improvements Assessment | $433,722 CAD |
| Land Assessment | $3,095,004 CAD | Total Assessment | $3,528,725 CAD |
PROPERTY TAXES
Parcel Number
459-221-01
Land Assessment
$3,095,004 CAD
Improvements Assessment
$433,722 CAD
Total Assessment
$3,528,725 CAD
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3700 E Coast Hwy
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