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1555-1585 Laurel Bay Ln 19,240 SF 100% Leased Industrial Building San Diego, CA 92154 $5,752,760 ($299/SF)
Investment Highlights
- 1555-1585 LAUREL BAY LANE is well located near Hwy 905 and the 125 Toll Road
- Labor pool is within a short distance of the property.
- Located close to the Otay Mesa border crossing and near future 3rd border crossing
- Rare opportunity to own with the ability to sell off condo units individually in the future at a projected significantly higher price per square foot
Executive Summary
This approximately 19,240 SF freestanding flex/industrial building is comprised of eight condo units and is easily divisible to accommodate separate tenants or multiple businesses operating independently. It includes four grade-level loading doors, 24-foot ceiling clear height, fire sprinklers, insulated warehouse ceilings, and gas service. Power includes 1,200 amps at 208/120 volts, plus an upgraded 4,000 amps at 480 volts, 3-phase, 4-wire. The roof features 45 kW solar panels with NET energy metering 2.0, offering potential savings of up to $15,000 per month on electricity. A Cannabis Conditional Use Permit (CUP) is in place for all eight units. The property offers easy access to Highways 905 and 125 and is zoned Otay Mesa IL2-1 (Light Industrial). The estimated 2025 HOA fee is $0.17/SF per month. The APNs include 646-240-79-24, 26, 28, 30, 32, 34, 36, and 37. The entire building can be made available for an owner/user, or it can be sold with approximately 9,416 SF (four condo units) leased at prevailing market rental rates.
Property Facts
| Price | $5,752,760 | Rentable Building Area | 19,240 SF |
| Price Per SF | $299 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 2008 |
| Property Type | Industrial | Parking Ratio | 2.86/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 25’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 4 |
| Lot Size | 8.46 AC | ||
| Zoning | I-7 - Cannabis CUP approval: Cultivation, manufacturing, and extraction operations | ||
| Price | $5,752,760 |
| Price Per SF | $299 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 8.46 AC |
| Rentable Building Area | 19,240 SF |
| No. Stories | 2 |
| Year Built | 2008 |
| Parking Ratio | 2.86/1,000 SF |
| Clear Ceiling Height | 25’ |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | I-7 - Cannabis CUP approval: Cultivation, manufacturing, and extraction operations |
Amenities
- Mezzanine
- Air Conditioning
Utilities
- Water - City
- Sewer - City
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Property Taxes
| Parcel Number | 646-240-79-41 | Improvements Assessment | $264,975 |
| Land Assessment | $60,060 | Total Assessment | $325,035 |
Property Taxes
Parcel Number
646-240-79-41
Land Assessment
$60,060
Improvements Assessment
$264,975
Total Assessment
$325,035
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1555-1585 Laurel Bay Ln
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