Mediterranean-Style Multi-Tenant Office
For Sale
Contact for pricing
1401 N El Camino Real, San Clemente, CA 92672
Spanish/Mediterranean office building with secure underground parking and open courtyards, built in 1989 and fully occupied.
Property Size16,616 SF
Days on Market121
Property Features for 1401 N El Camino Real
General Information
Standard status
Active
Size
16,616 SF
Property subtype
Office
Occupancy
100%
Additional Details
Cap Rate
6.17%
Highway Access
Yes
Building Details
Year Built
1989
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Orange County
(949) 419-3276
Listed By:
Alex Mobin · License #01845973
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 20 at 10:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Orange County
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to offer the Plaza Bonita office building, a Spanish/Mediterranean-style multi-tenant property built in 1989. The 16,616-square-foot office building features open courtyards with Spanish tile and wrought iron, along with French windows, balconies, and attractive landscaping. Secure underground parking supports tenant convenience. The building is currently fully occupied with staggered leases, creating an owner-user and/or investor value-add path.
The property is in the coastal community of San Clemente, close to the ocean, beaches, restaurants, and other amenities, with easy freeway access. Reported average rents are $18.05 modified gross per year, described as below market versus comparable asking rents of $24.00 to $40.00. The offering also includes a value-add component for a buyer to purchase and condo-map the building to sell as office condominiums, and to align with a $26.00 per year modified gross pro-forma.
The property is in the coastal community of San Clemente, close to the ocean, beaches, restaurants, and other amenities, with easy freeway access. Reported average rents are $18.05 modified gross per year, described as below market versus comparable asking rents of $24.00 to $40.00. The offering also includes a value-add component for a buyer to purchase and condo-map the building to sell as office condominiums, and to align with a $26.00 per year modified gross pro-forma.
Key Highlights
- 16,616 SF Spanish/Mediterranean‑style, multi‑tenant office building built in 1989
- Fully occupied with staggered leases, suitable for an owner‑user and/or investor
- Secure underground parking and open courtyards with Spanish tile & wrought iron
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
Explore this area
Business Placement
Demographics for 92672, CA
41,067
Population
17,487
Households
2.3
Avg Household Size
37
Median Age
48%
College-Educated
93%
High-School Grad
35.6 sq mi
ZIP Area
1,154
Density / Sq Mi
$109,991
Median Household Income
$54,874
Median Earnings
$2,370
Median Rent
$1,240,000
Median Home Value
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Spanish/Mediterranean office building with secure underground parking and open courtyards, built in 1989 and fully occupied.
Where is this office building located?
The property is located at 1401 N El Camino Real San Clemente, CA.
What are key features of this property?
This property features: 16,616 SF Spanish/Mediterranean‑style, multi‑tenant office building built in 1989; Fully occupied with staggered leases, suitable for an owner‑user and/or investor; Secure underground parking and open courtyards with Spanish tile & wrought iron
