100% Leased Retail Shops
2080 CALIFORNIA AVE Sand City, CA 93955
2080 CALIFORNIA AVE, Sand City, CA, 93955
Contact for pricing
For Sale
Contact for pricing
Retail shops are offered in fee simple and are 100% leased to ULTA Beauty, Panera Bread, Mancini’s Sleepworld, and a Bank of America ATM.
Property Size25,223 SF
Price / SF$404.39
Days on Market84
Property Features for 2080 CALIFORNIA AVE
General Information
- Standard status
- Active
- Size
- 25,223 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1996
Listing agency
JLL - San Francisco, California
(415) 510-6961
Listed by
Andrew Spangenberg · License #02211367
Source
Crexi
Added: Apr 29 Updated: Jul 20 at 10:48PM Checked: Jul 21 at 1:57PM
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 JLL - San Francisco, California
Investment Insights
Based on property information with market context.
Jones Lang LaSalle Americas, Inc. (JLL), as exclusive advisor, is pleased to offer the 100% fee simple interest in The Shops at Edgewater (“the Property”). The Shops at Edgewater is a daily-needs retail destination featuring a 100% leased tenant mix including ULTA Beauty, Panera Bread, Mancini’s Sleepworld, and a Bank of America ATM.
Located at 2080 California Ave in Sand City, California, the shops are positioned along Highway 1 and are described as an integral part of Edgewater on Monterey Bay. The center is presented as a convenience cornerstone for the surrounding Edgewater development and as a retail stop for both regional visitors and the local residential community.
The tenant lineup is also complemented by nearby daily-needs anchors referenced in the remarks, including Target, Ross Dress for Less, and Lucky.
Located at 2080 California Ave in Sand City, California, the shops are positioned along Highway 1 and are described as an integral part of Edgewater on Monterey Bay. The center is presented as a convenience cornerstone for the surrounding Edgewater development and as a retail stop for both regional visitors and the local residential community.
The tenant lineup is also complemented by nearby daily-needs anchors referenced in the remarks, including Target, Ross Dress for Less, and Lucky.
Key Highlights
- Retail shops offered in fee simple with 100% leasing
- Currently leased to ULTA Beauty, Panera Bread, Mancini’s Sleepworld, and a Bank of America ATM
- Year built: 1996
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $544.8k | $21.60 |
| − Vacancy | −$22.9k | −$0.91 |
| EGI | $521.9k | $20.69 |
| − OpEx | −$156.6k | −$6.21 |
| NOI | $365.4k | $14.48 |
25,223 SF · lease $21.60/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.22M
$4.57M – $6.09M
NOI $365,354 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.63M
$8.43M – $11.24M
NOI $674,165 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Off Market Nearby
- North Monterey Shopping Center — Playa / Metz, Sand City, CA 93955
- Edgewater Shopping Center — Playa Ave, Sand City, CA 93955
- Coinstar Kiosk - Bitcoin ATM — Save Mart, 2000 California Ave, Seaside, CA 93955
- CoinMover Bitcoin ATM — 1800 Noche Buena St, Seaside, CA 93955
- 7 Eleven Vacuum — Sand City, CA 93955
FAQs
What type of property is this?
Shopping center - Retail shops are offered in fee simple and are 100% leased to ULTA Beauty, Panera Bread, Mancini’s Sleepworld, and a Bank of America ATM.
Where is this shopping center located?
The property is located at 2080 CALIFORNIA AVE Sand City, CA.
What is the asking price?
The asking price for this property is $10,200,000.
What are key features of this property?
This property features: Retail shops offered in fee simple with 100% leasing; Currently leased to ULTA Beauty, Panera Bread, Mancini’s Sleepworld, and a Bank of America ATM; Year built: 1996
