San Clemente CA— Retail Insite has announced the sale of the Historic Miramar Theatre property, located 1700 N El Camino Real, San Clemente, California. The Sellers, El Camino Real Estate Partners, LLC, are a local ownership that purchased the property in 2005 with initial plans to develop in alternative uses.
After going through Coastal Commission Review and City of San Clemente Planning Review, they were able to get plans in place to redevelop the site for commercial use and preserve the historic theatre structure. In addition to the property having historic designation it is also located in a qualified opportunity zone area. The new buyers, Fortuitous Partners, based out of Phoenix, Arizona, plan to renovate the property and rebuild for restaurant/commercial uses. Mike Moser and Chris Hodgman of Retail Insite represented the Seller on the transaction.
About Retail Insite
Retail Insite is a boutique commercial real estate firm with a passion for retail and people. Since 1996, we’ve partnered with the best retailers and property owners in Southern California. Our success comes from aligning ourselves with our clients’ goals and always finding a way to win. Our regional street by street, block by block expertise is what creates long-term success for our clients.
Here at Retail Insite, we help each retailer connect with their customers. It’s a simple truth: the majority of amazing opportunities are not on the market. We combine our local expertise, creative thinking, and initiative to deliver outstanding rollouts for our retail clients. We dive in, get to know your customer, and match that with our market knowledge.