Peter's Landing Retail FOR SALE


Huntington Beach, CA
$51,500,000 USD
949-565-2246
, Huntington Beach, CA for Sale
$51,500,000 USD
Retail - FOR SALE
1/5
null | 6.82% Cap Rate

Peter's Landing
Huntington Beach, CA


HIGHLIGHTS

  • Rare opportunity to acquire an extensively remodeled asset with a significant value creation opportunity.
  • Extensive remodel was completed on Peter’s Landing in 2020, with approximately $14 million in capital improvements.
  • Founded in 1978, Mother’s Market & Kitchen is one of Southern California’s most popular organic grocery stores.
  • Diverse income stream with approx. 62% of the rental revenue derived from retail/service tenancy and approximately 38% from office tenancy.
  • Peter’s Landing offers second-level office suites with both marina and ocean-facing configurations.
  • Surrounding area has average household incomes of $161,379 and $133,338 within a 1 and 3 mile radius of the property.

OVERVIEW

A generational investment opportunity, Peter’s Landing is a grocery-anchored mixed-use urban development that encompasses approximately 97,504 square feet of retail and office space. Featuring a complimentary mix of essential needs and experience-based retail tenancy on the ground-level and a multi-tenant office component on the second-level, Peter’s Landing provides consumers a unique and experiential shopping and dining experience within an oceanfront setting and offers office tenants an amenity-rich environment within a vibrant coastal location. The property features national and regional tenants Mother’s Market & Kitchen, Starbucks, Golden Road Brewery (Anheuser-Busch), Sola Salons, and Edward Jones. Peter’s Landing offers the rare ability to acquire an extensively remodeled asset with the ability to create value through lease-up of approximately 14,490 square feet of vacant GLA (15% of total GLA) that is comprised of 6,320 SF of ground floor retail GLA and 8,170 SF of second floor office GLA.

ASK ABOUT THIS PROPERTY

Aaron BettencourtREZA Investment Group, Inc.More Info
949-565-2246

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Aaron BettencourtREZA Investment Group, Inc.More Info
949-565-2246

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