Laguna Ridge 24000 Avila Rd 1,054,233 SF 100% Leased Office Building Laguna Niguel, CA 92677 $70,000,000 ($66.40/SF)

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.