Log In/Sign Up
Your email has been sent.
TROPHY OPPORTUNITY IN LAGUNA BEACH 30622 Coast Hwy 4,387 SF Retail Building Laguna Beach, CA 92651 $11,000,000 ($2,507.41/SF) 3.36% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Coastal Location with Exceptional Long-Term Development Potential – High Barriers to Entry - Excellent visibility & heavily traveled corridor.
- Densely Populated and Highly Affluent Area: Features an Average Household Income of more than $179k (more than twice the National Average).
- Generational investment opportunity in a highly desirable area.
- Iconic Ruby’s Diner on the Historic Pacific Coast Highway, Laguna Beach, CA - 35 Year Historical Occupancy - Absolute Net Ground Lease.
- Directly across from Montage Laguna Beach - a luxury oceanfront resort with stunning coastal views, elegant accommodations, and upscale amenities.
- The area is dotted with high-end boutiques and galleries, making it a hotspot for luxury shopping.
EXECUTIVE SUMMARY
Prime Coastal Location | Absolute Net Ground Lease | 35+ Year Historical Occupancy | Long-Term Development Potential | Generational Opportunity Iconic Diner Along the Stunning Pacific Coast Highway in a Prime, High-Traffic Laguna Beach Destination | Directly across from Montage Laguna Beach - a Luxury Oceanfront Resort with Stunning Coastal Views, and Elegant Accommodations | Exceptional Long-Term Development Potential in a High-Barrier to Entry Market with Prime Visibility | Rooftop patio, with scenic views overlooking Victoria Beach and the Pacific Ocean
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,387 SF
Building Class
C
Year Built
1989
Price
$11,000,000
Price Per SF
$2,507.41
Cap Rate
3.36%
NOI
$369,349
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.88 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Ruby's Diner
- Retailer
- 4,387 SF
- -
- Triple Net
- Aug 2034
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Ruby's Diner | Retailer | 4,387 SF | - | Triple Net | Aug 2034 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 656-191-05 | Improvements Assessment | $943,891 |
| Land Assessment | $355,525 | Total Assessment | $1,299,416 |
PROPERTY TAXES
Parcel Number
656-191-05
Land Assessment
$355,525
Improvements Assessment
$943,891
Total Assessment
$1,299,416
CONTACTS
-
Alvin Mansour -
Christopher Talia -
Adam Attia -
The Mansour Group of Marcus & Millichap
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
TROPHY OPPORTUNITY IN LAGUNA BEACH | 30622 Coast Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.