Sold Retail Property in Santa Mateo County – 5500 Coast Highway,

Pacifica, CA 94044 2/10

5500 Coast Highway, Pacifica, CA 94044

Sale Information

Sale Status: Sold
Sale Date: 05/31/2013
Sale Price: $4,300,000 ($354.41/SF)
Cap Rate: 7.67% (At Time Of Listing)

Property Details

Property Type:Retail
Property Sub-type: Strip Center
Building Size: 12,133 SF
Lot Size: 3 SF

Property Description

Ronnie Givargis is please to present a true jewel of a retail strip center in Pacifica, California. The strip is attached to a Fresh & Easy supermarket (NAP) and caters to the surfers who travel daily from San Francisco to surf Pedro Point. The beach access runs parallel to our parking lot. This is an irreplaceable trophy location in a market that does not have many development opportunities.The offering allows for an investor to add value by repositiong the tenants and converting existing leases to NNN leases. The property had a major renovation in 2011 including new roof, new facade, re-slurry and striping of the parking lot.