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2999 WESTMINSTER Boulevard
USD 6,000,000
Property ID: OC25095956
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2999 WESTMINSTER Boulevard ,90740
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icon 35123 SqFt
icon Built in 1969
icon USD 171/SqFt
icon 0 Bed
icon 0 Full
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Location
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Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
13000
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1969
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Detailed Introduction Of This Home
TREMENDOUS UPSIDE OPPORTUNITY! Rarely does a Commercial Multi-Tenant building come available in a Prime Location with a 5:1000 Parking Ratio that is producing strong income at only 49% leased. Seller has been keeping 51% available for an Owner/User with SBA Financing. Perfect for a Medical Operator (Medical with CUP). ProForma Income estimated at $65,000 to $75,000/month fully leased. This building is an incredible investment and has no deferred maintenance. New Roof in 2023; Fully Renovated in 2007 bringing Electrical and Air Handling up to code. Owner Occupies second (2nd) Floor currently and has been actively managing and maintaining the property. There is nothing at this age and price point in such good condition. High Quality Long Term Tenants occupy the first floor with only one small space available. Tenant mix consists of a Periodontist, Wellness Practice, Pilates Studio, Insurance and other healthcare related services. The building provides not only 56 Parking Spaces (5:1000) but has a Reciprocal Parking Agreement (in Perpetuity) with adjacent Seal Beach Village Plaza so there is even more parking availability. This is ideal for Medical Use and rare to find in a building a few minutes from the beach. Strategically positioned adjacent to the intersection of Seal Beach Boulevard and Westminster Avenue. Seal Beach Boulevard conveniently features a nearby on/ off ramp to the I-405 Freeway. The location boasts strong demographics consisting of 351,499 permanent residents with an average household income in excess of $90,000 within a five (5) mile radius, and 86,392 permanent residents with an average household incomeof $103,373 within a three (3) mile radius of 2999 Westminster Ave. Within 5-10 minutes drive time to multiple beaches and coastal areas in Seal Beach, Sunset Beach, Long Beach and Huntington Beach.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
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Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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2999 WESTMINSTER Boulevard
USD 6,000,000 0 Beds
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