Just Listed: $7,000,000 Mission Village Plaza Investment Sale in San Marino, CA
2527-2545 Mission Street, San Marino
NAI Capital Commercial is proud to announce the partnership of Executive Vice President Tina LaMonica, SIOR and Senior Vice President Cheryl Pestor from the Pasadena office, along with independent commercial real estate broker Mike Lanzarotta the exclusive agents for the sale of the 8,825 square foot Mission Village Plaza in the affluent City of San Marino, California, which is being offered at a price of $7,000,000.
Mission Village Plaza offers an exceptional investment asset in the heart of one of the most prosperous trade areas of Southern California. This prime retail property is comprised of three distinctive buildings with four upscale boutique tenants and a premier salon/spa. The Mission Village District boasts a blend of unique shopping, dining, and essential service experiences, rendering it a sought-after destination within the San Gabriel Valley.
Notably, Mission Village Plaza boasts an impressive 125 feet of frontage along the renowned Mission Street, often referred to as the “Rodeo Drive” of the San Gabriel Valley. This highly visible street front retail property is positioned within a vibrant trade area, ensuring strong exposure for any business.
The property features convenient ample street parking along Mission Street or at the rear of the property, via the 20-foot-wide paved alley located adjacent to the northern perimeter of the site. Mission Village Plaza stands as a highly desired “trophy” retail property, ideally located within the four-block bespoke neighborhood village.
Tina shared her enthusiasm for potential buyers, stating, “As a highlight, three of the five tenant’s leases totaling 4,085 square feet are expiring in 2024, creating upside benefits to the investor interested in renewing or re-tenanting the spaces or an Owner/User with the intent to occupy said space(s).”
Cheryl emphasized the rarity of this offering, remarking, “This is a generational opportunity for discerning investors to acquire irreplaceable San Marino real estate for the first time in 47 years.”
Mike emphasized the allure of the building, stating, ” This high-profile multi-tenant property has a curated collection of three national tenants with Johnny Was, Johnny Was Home and J.McLaughlin, along with the flagship jewelry store Single Stone and the elite Mark Taylor Salon & Spa in the esteemed Mission Village.”