2711 E Coast Hwy - Storefront Retail/Office FOR SALE


Corona Del Mar, CA 92625
$11,500,000 USD
949-350-5431
2711 E Coast Hwy, Corona Del Mar, CA for Sale
$11,500,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | 4.88% Cap Rate

2711 E Coast Hwy
Corona Del Mar, CA 92625


HIGHLIGHTS

  • Positioned at the Gateway to the Coast in One of Orange County’s Most Affluent and Prestigious Communities (CDM's Average Home Price is Nearly $4MM)
  • Exceptional Visibility and Traffic Exposure – Located Along Pacific Coast Highway with Traffic Counts Exceeding 50,000 Cars per Day
  • Extraordinary Demographics – Surrounded by Extraordinary Household Wealth, with Average Household Income Exceeding $205,000 Within a One-Mile Radius
  • Steps from Fashion Island (±1.3 Million SF of Class A Retail) and Over 3 Million Square Feet of Surrounding Class A Office Space
  • 6.07% Pro Forma Cap Rate - Please See Offering Memorandum for More Details

OVERVIEW

--Trophy Location on Pacific Coast Highway – Positioned at the Gateway to the Coast in One of Orange County’s Most Affluent and Prestigious Communities (Corona Del Mar’s Average Home Price is Nearly $4 Million) --Exceptional Visibility and Traffic Exposure – Located Along Pacific Coast Highway with Traffic Counts Exceeding 50,000 Cars per Day --Extraordinary Demographics – Surrounded by Extraordinary Household Wealth, with Average Household Income Exceeding $205,000 Within a One-Mile Radius --Prime Coastal Retail-- -Exclusive, High Barrier-to-Entry Market – Corona Del Mar Is One of Southern California’s Most Desirable Neighborhoods, Known for Its Pristine Coastal Charm, Affluent Resident Base, and Extremely Limited Supply of Commercial Real Estate -Proximity to Major Demand Drivers – Steps from Fashion Island (±1.3 Million SF of Class A Retail) and Over 3 Million Square Feet of Surrounding Class A Office Space, Providing Consistent Daytime and Evening Traffic -Ideal for Upscale Retail or Service Tenants – Perfectly Suited for Boutique Retail, Gallery, Spa, or Experiential Users Seeking a Prestigious Address in an Irreplaceable Location -Pedestrian-Friendly Coastal Setting – Steps from Residential Enclaves and Coastal Amenities That Attract High-End Consumers, Tourists, and Professionals Alike -Limited Retail Competition – Tight Zoning and Scarce Commercial Inventory Limit Future Retail Supply, Enhancing the Long-Term Value of This Asset --Excellent Real Estate Fundamentals-- -Highly Visible and Accessible Location – Premier Corner Positioning on E. Coast Highway with Multiple Ingress/Egress Points and Strong Vehicular and Pedestrian Traffic -Established Coastal Trade Area – Serves an Upscale Population Familiar with Boutique Retail Experiences and Premium Lifestyle Services -Rare for the Coast – ±26 Onsite Parking Spaces Plus Ample Street Parking Available Broker of Record: Tony Solomon – License: CA 01238010

FOR SALE DETAILS

PRICE

$11,500,000 USD

PRICE/SF

$841 USD /SF

CAP RATE

4.88%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Masters Building | Trophy Coastal Asset

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

RSC, Newport Beach

APN/PARCEL ID

459-171-12,459-171-13

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

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Ron DuongMarcus & MillichapMore Info
949-350-5431

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.