3505 Cadillac Ave - Warehouse CONDO FOR SALE


Costa Mesa, CA 92626
$2,499,000 USD
714-932-3016
3505 Cadillac Ave, Costa Mesa, CA for Sale
$2,499,000 USD
Warehouse CONDO - FOR SALE
1/35
null | Request Cap Rate

3505 Cadillac Ave
Costa Mesa, CA 92626


HIGHLIGHTS

  • Two (2) GL Loading Doors.
  • 16' Warehouse Clear Height.
  • 200 Amps of 120/280 V Power.
  • 3:1,000 Parking Ratio.
  • Corner Unit.
  • Close Proximity to SOCO and South Coast Plaza.

OVERVIEW

This is a rare opportunity to own both K1 and K2. K1 (which is NOT our listing) has approx 6000 SF and is listed at about $2.6MM. Check the postings for the current price. K2 (our listing) is 5844 SF and listed at $ 2.5MM as of 7-23-24. Together, the two units comprise the entire building. Imagine owning your own stand-alone building in this versatile and high-demand area. Both units have TWO GL loading doors (each) which means that you could potentially divide the space into two (or four, with both units) rentable spaces. Additionally, both spaces are currently leased to the same low-maintenance tenant. K1 (our listing) is leased on a month-to-month basis so the next owner can Continue leasing to them Lease part of the space to them and use the other part themselves Give the current tenants time to vacate and use the entire space themselves. Truly a blank canvas. Aside from the bathrooms (located in the center of the space), you can configure the rest of the space as you like. Offices, lofts, manufacturing, industrial or a combination thereof. Your imagination (and a city permit) are all that stand between you and having the space of your dreams! This property is in a measure "X area (marajuana) and can be used for a variety of different applications, including office space, manufacturing, industrial and (of course) marijuana uses. Recently remodeled, the electrical, insulation, ceiling panels and bathrooms (ada compliant) are all new. 3:1000 parking and conveniently close to Harbor blvd, SOCO and the 405 Freeway. This is a rare find and whether you want the space for yourself, as an investment property (or both), you won't be disappointed with the versatility and convenience 3505 K-2 offers.

FOR SALE DETAILS

PRICE

$2,499,000 USD

PRICE/SF

$428 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg K

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

6,136 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

PD-1, Costa Mesa

APN/PARCEL ID

139-661-13

ASK ABOUT THIS PROPERTY

Wallace RodeckerRodecker CompaniesMore Info
714-932-3016

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

Wallace RodeckerRodecker CompaniesMore Info
714-932-3016

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