24000 Avila Rd - Office FOR SALE


Laguna Niguel, CA 92677
$70,000,000 USD
949-822-9215
24000 Avila Rd, Laguna Niguel, CA for Sale
$70,000,000 USD
Office - FOR SALE
1/10
null | Request Cap Rate

24000 Avila Rd
Laguna Niguel, CA 92677


HIGHLIGHTS

  • Laguna Ridge, an 89-acre lot home to the Chet Holifield Federal Building in Laguna Niguel, CA, ideal for redevelopment.
  • Great frontage along Avila Road with excellent visibility and easy access to highways and amenities, four miles from the Pacific coastline.
  • Unparalleled flexibility and unlimited growth potential with a unique location, size, view amenities, and re-zoning opportunity.
  • Easily accessible to transportation facilities and regional employment centers in the Irvine, Mission Viejo, and Aliso Viejo areas.

OVERVIEW

FOR SALE BY ONLINE AUCTION Price listed is starting bid not purchase price Invitation For Bids Now Available LAGUNA RIDGE 24000 Avila Road, Laguna Niguel, California 92677 92 +/- Acres Redevelopment Opportunity Laguna Ridge, located at 24000 Avila Road in Laguna Niguel, California, 92677, is comprised of 2 parcels of land totaling approximately 92 acres, located on the southwest corner of Avila Road and Alicia Parkway, extending east and south to El Lazo Road, south of the Aliso Creek Road interchange with CA SR-73, and five miles west from Oso Parkway interchange of I-5, both major transportation routes throughout Orange County. The property is improved with over 1 million square feet of space in the pyramid-shaped Ziggurat building on the main (88 +/- acre) parcel which includes a services support building, fleet area and service yard, 2 guard houses, and 4,777 parking spaces. The secondary (1 +/- acre) central utility plant parcel supports the property's infrastructure including a detached chiller plant, water cooling tower, and above-ground thermal energy storage tank. The property's size and access offer a unique development opportunity as one of the largest land parcels available in the market within highly desired South Orange County. Surrounding uses include a mix of retail, small office, and residential uses. Major employers within one mile of the property include Costco, Walmart, Home Depot, and Kohl's. GSA entered into a Memorandum of Agreement (MOA) with the California State Historic Preservation Office (CASHPO) and the Advisory Council for Historic Preservation (ACHP). Interested parties are encouraged to review this MOA to understand the Purchaser's options for the treatment of the historic property. The real estate broker that secures the registered bidder shall receive a “finder’s fee,” in the event the bidder’s high bid is accepted and the sale is closed with all funds being received by the government. The real estate broker shall receive a “finder’s fee” consisting of 0.50 - 0.80% of the sale price. Please DO NOT DISTURB building employees & tenants for sale information or inspections. Please review the Invitation For Bids and visit the visit the dedicated sale page to find out more information: https://www.gsa.gov/real-estate/real-estate-services/real-property-disposition/property-sales/laguna-ridge Please email LagunaRidge@gsa.gov for additional information.

FOR SALE DETAILS

PRICE

$70,000,000 USD

PRICE/SF

$66 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Laguna Ridge

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

B

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

4777

LAND DETAILS

LAND ACRES

92 AC

LAND SF

4,007,520 SF

ZONING

-

APN/PARCEL ID

634-031-04,634-361-01,988-047-40

ASK ABOUT THIS PROPERTY

Chelsey BattagliaGSA Office of Property Disposition / Region 9More Info
949-822-9215

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Chelsey BattagliaGSA Office of Property Disposition / Region 9More Info
949-822-9215

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