1555-1585 Laurel Bay Ln - Manufacturing FOR SALE


San Diego, CA 92154- Otay Mesa
$5,649,000 USD
619-905-9097
1555-1585 Laurel Bay Ln, San Diego, CA for Sale
$5,649,000 USD
Manufacturing - FOR SALE
1/9
null | Request Cap Rate

1555-1585 Laurel Bay Ln
San Diego, CA 92154
Otay Mesa


HIGHLIGHTS

  • Just East of Brown Field. West of the 125 & North of the 905.

OVERVIEW

A prime industrial condo property in Otay Mesa, featuring 8 units totaling 19,240 RSF (18,832 SF usable), with an additional 5,500 SF mezzanine. The northern 4 units, approximately 9,416 SF, are available for an owner-user, while the southern 4 units are fully leased, generating $22,237 per month on an NNN basis. The property benefits from a low $2,947 monthly HOA fee covering all 8 units, including roof maintenance. Key features include 25’ clear height, upgraded 4,000-amp electrical service (480 volts), gas utilities, and a parking ratio of 2.5/100. Additionally, a 45KW solar panel system significantly reduces operating costs, saving approximately $5,000 per month in SDGE expenses under Net Energy Metering 2.0. Strategically located just east of Brown Field, west of the 125, and north of the 905, the property is zoned IL-2-1, allowing for a range of industrial, commercial, and retail uses, including vehicle repair, distribution, storage, and manufacturing. All 8 units also hold a Cannabis CUP. This exceptional investment opportunity is offered at $5,649,000.

FOR SALE DETAILS

PRICE

$5,649,000 USD

PRICE/SF

$300 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

25 Ft

DOCKS

-

DRIVE INS

8

PARKING SPACES

55

LAND DETAILS

LAND ACRES

8.46

LAND SF

368,535

ZONING

I-7

APN/PARCEL ID

646-240-79-41

ASK ABOUT THIS PROPERTY

Erik WieseWiese & AssociatesMore Info
619-905-9097

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Erik WieseWiese & AssociatesMore Info
619-905-9097

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.