971 Calle Amanecer San Clemente, CA 92673

Property Details for 971 Calle Amanecer

Year built

1990

Property size

17,280 SF

Property type

Warehouses

Property subtype

Life science properties

Description

This exceptional 17,280-square-foot industrial property, located at 971 Calle Amanecer in San Clemente, California, presents a compelling investment opportunity. The single-story building, constructed in 1990, features a desirable warehouse and R&D space configuration, currently operating under a multi-tenant NNN lease. The property boasts a strong net operating income (NOI) of $143,523.60, yielding a 5.26% cap rate. The asking price is $6,655,880, translating to a land value of $385 per square foot. Currently, the occupancy rate stands at 47%, with one unit available for immediate occupancy. The building includes upgraded improvements such as polished concrete floors, metal ductwork, exposed ceilings, and upgraded lighting. Features include approximately 20-foot ceiling heights, one dock-high door, and ample parking (4 spaces per 1,000 square feet). Situated within the Rancho San Clemente Business Park, this property benefits from a supply-constrained submarket with a low vacancy rate of 3.7%. The lease commenced on December 31, 2021, and expires on December 30, 2026. This is one of only four true single-story industrial buildings exceeding 15,000 square feet in the park (excluding smaller incubator properties), making it a rare and highly sought-after asset. The property's high-image and functional design, combined with its prime location in Orange County, California, make it an ideal investment for discerning buyers seeking strong returns in a competitive market.

Location Insight

City

San Clemente

County

Orange

State

California

Longitude

-117.601

Latitude

33.452