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Mission St

3,518 SF 100% Leased Retail Building Carmel, CA 93921 $1,959,529 CAD ($557 CAD/SF)

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Investment Highlights

Downtown Ground Lease
Highly Desirable Downtown Carmel Retail Business District
Good Tenant Mix

Located in the World Famous Carmel-by-the-Sea, CA
Great Visibility, High Traffic

Executive Summary

Mahoney & Associates is pleased to offer for purchase the Ground Lease of approximately ½ of ±8,000 SF or prime downtown Carmel CA retail land. Included in the purchase of the Ground Lease is ownership of the improvements upon the land, which consists of three commercial units and one apartment. The Ground lease has approximately 33 years of term remaining on the original 99 year ground lease. The subject site is part of a larger parcel totaling 8000 SF. The parcel has been ground leased to two leasehold interests, one of which is the subject parcel. The pro-rata estimate of the subject’s leased interest in the site is believed to be ±4,276 SF however an exact figure would be best ascertained by a surveyor.

Mission 2 SW of Ocean Carmel Ground Lease