20422 Beach Blvd - Office FOR SALE


Huntington Beach, CA 92648
$10,900,000 USD
626-255-4255
20422 Beach Blvd, Huntington Beach, CA for Sale
$10,900,000 USD
Office - FOR SALE
1/20
null | 5.23% Cap Rate

20422 Beach Blvd
Huntington Beach, CA 92648


OVERVIEW

Wonderful opportunity to purchase a 97% leased South Orange County office building in Huntington Beach. Seaview Plaza is a four story office building served by one elevator and two stairways. A majority of the suites are under 1,000 SF which is ideal for small local businesses. Many of the existing tenants have occupied the building for over 10 years. Several of the suites have ocean views. Current rents are below market area asking rents which provides an opportunity for increased income. Additionally, the building has four rooftop cellular tenants in place. The cellular tenants include A,T&T, Verizon, Dish Network and Prime Communications. Several of the cellular tenants have been in place for over 15 years and have long term lease agreements in place. The current annual cellular income is $175,884 and is included in the income schedule. Ownership currently has several offers on the cellular space but would prefer the building be sold with the cellular tenants. An investors could potentially sell off the cellular leases and retain the office building after purchasing. The property and land also has future potential for mixed use housing.

FOR SALE DETAILS

PRICE

$10,900,000 USD

PRICE/SF

$307 USD /SF

CAP RATE

5.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Seaview Plaza

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

92

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

-

APN/PARCEL ID

151-293-42

ASK ABOUT THIS PROPERTY

Michael CirritoITRG CommercialMore Info
626-255-4255

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Michael CirritoITRG CommercialMore Info
626-255-4255

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