2999 WESTMINSTER Boulevard new Save Request In-Person Tour Request Virtual Tour
Seal Beach,CA 90740
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 13,000 sqft
Price per Sqft $461
MLS Listing ID CROC25095956
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1969
Lot Size 0.806 Acres
Property Sub-Type Office
Property Description
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 Bou
Location
State CA
County Orange
Interior
Heating Forced Air,Solar,Other
Fireplace No
Building
Water Public