Incredible opportunity to own an industrial property on the extremely sought after Laguna Canyon. High traffic and visibility, just a mile to the beach. First time this property is for sale. The property has been held by the same family who built and operated it from 1965. The building has one vacancy which was being used by ownership but was held vacant in preparation for sale. Please request any financials by using the Loopnet data room. No Co-op broker commission will be paid. Buyer's broker to be compensated by buyer. Income listed includes actual and pro forma rent for vacant space. Leases are all Gross. Only suite 2085 is vacant.
Property is not ADA compliant, not possible to bring up to code. ADA lawsuit in 2024 was settled.
Property exterior has irrevocable access easement given to adjacent property at 2100-2139 Laguna Canyon Rd.
Roof is approx 20 years old with occasional leaks. Each unit has individual electric meter. Owner pays electric for units that are split as A/B on rent roll.
Do not disturb tenants, any reported disturbances will result in automatic disqualification of your offer.
Offers due by February 28,2025 at 12pm.