OFFERING PRICE:
Best Offer

OCCUPANCY:
84%

TOTAL BUILDING SF:
±238,803 SF

TOTAL LAND AREA:
±12.589 Acres
 
FEATURED LISTING:
LAGUNA DESIGN CENTER
23807 & 23811 Aliso Creek Rd., Laguna Niguel, CA
INVESTMENT HIGHLIGHTS
 
▪ Thriving In-Place Tenancy – Laguna Design Center is a ±238,803 SF lifestyle, open-air center with excellent in-place tenancy
 
o 75% of the existing tenancy have occupied this location for more than 5 years
 
o 49% of the existing tenancy have occupied this location for more than 10 years 
 
▪ Immediate Upside Potential – At 84% current occupancy, 16% of the property (±38,582 SF) of the property is available for lease, providing an immediate opportunity to add value and increase NOI while pursuing long-term development objectives 
 
▪ Below Market Rents – Property-wide, in-place rents are on average $1.44 PSF, compared to surrounding centers with inline tenants playing on average $3.50-$4.50 PSF, producing an extremely low rental basis and low costs of occupancy, providing stability for tenants, increasing renewal probability and the prospects for long-term tenant occupancy
 
▪ Future Infill Village Redevelopment – The offering benefits from its location at the entrance to the 92-acre GSA “Chet Holifield” building (aka the Ziggurat)
 
o Site (which includes the Laguna Design Center) has been earmarked for a revised zoning overlay to add potential density and zoning flexibility
 
▪ Attractive Assumable Financing – Existing loan of ±$36,675,000, 30-year amortization, interest rate of 4.3%, due in August 2026 may be assumed (not compulsory)
 
▪ Affluent Orange County Demos – Laguna Niguel average household income exceeds $168,600 and enjoys a median home value in excess of $1.28 million

 

 
FOR MORE
INFORMATION
PLEASE CONTACT:
 
NRP-WEST
JIMMY SLUSHER
+1 949 725 8507
Lic. 01857569
[email protected]		 MEGAN LANNI
+1 949 725 8423
Lic. 01516027
[email protected]
 



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