The Masters Building | Trophy Location
2711 E. Coast Highway, Corona Del Mar, CA 92625
Property Description
Price: $11,500,000
Price Per/SF: $991.04
Land Area: ±10,515 Square Feet
Cap Rate: 4.88% Current | 6.07% Pro Forma
Gross Leasable Area: ±11,604 Square Feet
Year Built: 1963/2018
Investment Highlights
Trophy Location on Pacific Coast Highway – Positioned at the Gateway to the Coast in One of Orange County’s Most Affluent and Prestigious Communities (Corona Del Mar’s Average Home Price is Nearly $4 Million)
Exceptional Visibility and Traffic Exposure – Located Along Pacific Coast Highway with Traffic Counts Exceeding 50,000 Cars per Day
Extraordinary Demographics – Surrounded by Extraordinary Household Wealth, with Average Household Income Exceeding $205,000 Within a One-Mile Radius
Prime Coastal Retail
- Exclusive, High Barrier-to-Entry Market – Corona Del Mar Is One of Southern California’s Most Desirable Neighborhoods, Known for Its Pristine Coastal Charm, Affluent Resident Base, and Extremely Limited Supply of Commercial Real Estate
- Proximity to Major Demand Drivers – Steps from Fashion Island (±1.3 Million SF of Class A Retail) and Over 3 Million Square Feet of Surrounding Class A Office Space, Providing Consistent Daytime and Evening Traffic
- Ideal for Upscale Retail or Service Tenants – Perfectly Suited for Boutique Retail, Gallery, Spa, or Experiential Users Seeking a Prestigious Address in an Irreplaceable Location
- Pedestrian-Friendly Coastal Setting – Steps from Residential Enclaves and Coastal Amenities That Attract High-End Consumers, Tourists, and Professionals Alike
- Limited Retail Competition – Tight Zoning and Scarce Commercial Inventory Limit Future Retail Supply, Enhancing the Long-Term Value of This Asset
Excellent Real Estate Fundamentals
- Highly Visible and Accessible Location – Premier Corner Positioning on E. Coast Highway with Multiple Ingress/Egress Points and Strong Vehicular and Pedestrian Traffic
- Established Coastal Trade Area – Serves an Upscale Population Familiar with Boutique Retail Experiences and Premium Lifestyle Services
- Rare for the Coast – ±26 Onsite Parking Spaces Plus Ample Street Parking Available
Broker of Record: Tony Solomon – License: CA 01238010
Contact Information
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643