Address
14250 Beach Boulevard Westminster, CA
Price
$ 10,600,000
Property Attributes
  • MLS#OC20061813
  • TypeCommercial
  • CountyORANGE
  • CityWestminster
  • AreaWestminster South of Westminster - W of Beach
  • Zip92683
  • StyleBusiness
  • Price$ 10,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage24090
Listing Provided Courtesy Of:
Patrick Keefer with Patrick Keefer, Broker.
Property Description

This retail shopping center is located on a heavily trafficked, four-way signalized Beach Blvd intersection and is only one block from the Westminster Civic Center, which includes the police department, court house, and other city buildings. As such, the property enjoys great vehicle and foot traffic, which has facilitated 100% occupancy for three years and counting. The property is currently home to 19 tenants, including two restaurants, two insurance offices, a flagship Red Wing shoe store, a dentist's office, pharmacy, dental laboratory, barber, and more. Positioned +/- 1 mile north of the 405 and 1 mile south of the 22, this stretch of Beach Blvd enjoys traffic of approximately 76,000 vehicles daily. With an average monthly rental rate of $2.15 / sf, the property currently grosses +/-$615,000.00 annually, and produces an average Net Operating Income of $398,000.00 annually (after adjusting for new tax base due to selling price). The center features a new $90,000.00 silicone roof restoration w/ 20 year warranty, new front and rear paint, and new concrete walkways the full length of the building. 15 of the storefronts are located at ground level, while 4 storefronts (+/-3,600 sf) are accessed via stairs to a highly visible 2nd story walkway. Excellent ingress and egress, great signage, thriving businesses, and ample parking. Buyer to cooperate with Seller's 1031.

Price History
3/23/2020 Listed $10,600,000

General Features

Current Financing Assumable
Directions Exit 405 and travel North on Beach Blvd. Shopping Center is on right side of Beach at the corner of Beach and Civic Center Drive
Heating Central
Listagentaor Orange County
Listing Agent Patrick Keefer - BRE#01368254
Listing Agent State License 01368254
MLS Area 60 - Westminster South of Westminster, W of Beach
Number of Units Leased 19
Price Per Square Foot 440.02
Property SubType Business
Property Type Commercial Sale
Source System CRMLS
Special Listing Conditions Standard
Zoning C1

Interior Features

Air Conditioning Y/N Yes
Condo Area Unit Type Square Feet
Heating Y/N Yes
Laundry Features None
Total Stories 1

Exterior Features

Building Area Total 24090.00
Land Use Office, Other, Retail
Lot Size Source Assessor
Number of Buildings 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92683

Price
AVG $1.06M
$10.6M
Visits
AVG 29
29
Year Built
AVG 1967
1973
Walkscore
AVG 79
85
Data Provided by Walkscore ® not using MLS data

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