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Plaza Pacifica 979 Avenida Pico 23,679 SF 96% Leased 4-Star Retail Building San Clemente, CA 92673 $32,439,796 CAD ($1,369.98 CAD/SF) 5% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Rare chance to acquire a top-performing shadow anchored grocery center in a premier South Orange County retail market
  • Excellent National/ Regional Retailers: Board & Brew , Baja Fresh, AT&T , Verizon, NFCU, Mattress Firm
  • Adjacent to New State of Art $20M Hoag Medical Center- 20Ksqft – serving San Clemente trade area
  • Assumable 4.40% fixed-rate loan with full-term interest-only payments, maturing in May 2029
  • Albertsons recently spent significant capital converting to Pavilions- higher end grocery concept
  • Affluent, densely populated area with $195K+ average income and 35K+ daytime employees nearby

EXECUTIVE SUMMARY

Faris Lee Investments is pleased to offer the rare opportunity to acquire a South Orange County shadow anchored grocery center in the affluent community of San Clemente, California. The center is shadow anchored by a recent fully renovated Pavilions with an excellent tenant lineup including Board & Brew , Baja Fresh, Verizon Wireless, AT&T, NFCU and Mattress Firm. Plaza Pacifica is the dominant community center in San Clemente and is additionally anchored by Walmart and Lowe’s. The property’s location provides ideal positioning for tenants to draw customers from the surrounding neighborhoods, further establishing the center’s dominant and competitive position within the trade area. Plaza Pacifica thrives from the high discretionary income trade area with an average household income in excess of $195,000 within a 3 mile radius, and the densely in-fill trade area, over nearly 100,000 permanent residents and 35,000 daytime consumers within a 5-mile radius of the subject property.

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,679 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2002
Price
$32,439,796 CAD
Price Per SF
$1,369.98 CAD
Cap Rate
5%
NOI
$1,621,967 CAD
Percent Leased
96%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
2.43 AC
Zoning
C-C - Commercial
Parking
117 Spaces (4.94 Spaces per 1,000 SF Leased)

AMENITIES

  • Banking
  • Dedicated Turn Lane
  • Food Court
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Monument Signage
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Arts, Entertainment, and Recreation
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Loco Cycle isn’t just a workout – it’s an experience. Each 45-minute class is designed to push your body, challenge your mind, and keep you moving to the beat. Our high-energy workouts combine cycling with full-body exercises to ensure you get an intense, full-body burn every time you ride.

  • Retailer
  • -
  • -
  • -
  • Jan 0000

For the past 90 years, Mattress Firm and their family of companies have been delivering better sleep by matching customers with their perfect mattress at the perfect price. What started as a few stores has grown into America’s largest specialty mattress store, with thousands of neighborhood stores nationwide. Each Sleep Expert® begins their career with 80 hours of training. But training can only go so far, and that’s where Mattress Firm is different. They believe the best way to guarantee unparalleled service to customers worldwide is to have happy, inspired employees. They have built a culture where people love to come to work and always wake up on the right side of the bed.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Arts, Entertainment, and Recreation - - Lorem Ipsum Jan 0000
Retailer - - - Jan 0000

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • I
  • 1,000 SF
  • Retail
  • In-Line
  • Now

Fully Built-Out In-Line Retail Space

Space Size Space Use Position Available
I 1,000 SF Retail In-Line Now

I

Size
1,000 SF
Space Use
Retail
Position
In-Line
Available
Now

I

Size 1,000 SF
Space Use Retail
Position In-Line
Available Now

Fully Built-Out In-Line Retail Space

NEARBY MAJOR RETAILERS

Starbucks
Pavilions
Chase Bank
Bank of America
IHOP
24 Hour Fitness
Club Pilates
Peet's Coffee
Ralphs
Life Time Athletic

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
688-131-22
Land Assessment
$13,857,544 CAD
Improvements Assessment
$7,671,493 CAD
Total Assessment
$21,529,037 CAD
  • Listing ID: 36561095

  • Date on Market: 2025-07-01

  • Last Updated:

  • Address: 979 Avenida Pico, San Clemente, CA 92673

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