3700 E Coast Hwy - Freestanding FOR SALE


Corona Del Mar, CA 92625
$5,700,000 USD
714-504-0262
3700 E Coast Hwy, Corona Del Mar, CA for Sale
$5,700,000 USD
Freestanding - FOR SALE
1/3
null | 3.55% Cap Rate

3700 E Coast Hwy
Corona Del Mar, CA 92625


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
  • Rare, single-tenant retail opportunity in Corona Del Mar; this coastal community is in the heart of coastal Orange County
  • Douglas Elliman invested a significant amount of capital into the property, which highly improved the asset
  • Lease is 100% NNN with zero Landlord obligations or responsibilities

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,700,000 USD

PRICE/SF

$2,639 USD /SF

CAP RATE

3.55%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

CC

APN/PARCEL ID

459-221-01

ASK ABOUT THIS PROPERTY

Arthur FloresCBRE, Inc.More Info
714-504-0262

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Arthur FloresCBRE, Inc.More Info
714-504-0262

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