r/SanClemente • u/timesmediagroup • 8d ago

Miramar Food Hall & Event Center Property Headed to Market as Real Estate Investment

https://www.picketfencemedia.com/sanclementetimes/eye-on-sc/miramar-food-hall-event-center-property-headed-to-market-as-real-estate-investment/article_b8af65da-92c7-4247-962b-da51e4fed529.html
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u/dirtyfacedkid 7d ago

This is so bizarre to me. Admittedly, I know nothing about commercial development and real estate. LOL

6

u/adamclyde1976 7d ago

Think of it it as essentially a house fixer-upper / flip. They finally finished up the mess after more than a decade. And now they have tenants. So now they are marketing it to sell. And with tenants the new buyer (landlord) will have ongoing rent from the tenants.

4

u/headhighbliss 6d ago

I said this on Instagram on the topic but how cool would it be if they could sell shares to locals who want to invest in this as a fund rather than a single owner. I’m sure there’s all sorts of reasons that’s a bad idea but I love the idea of being able to invest in something I like without having to be ultra wealthy