24953 Paseo De Valencia - Bldg B
1,031 - 2,930 SF Office/Medical Condo Units Offered at $719,638 - $2,045,140 Per Unit in Laguna Hills, CA 92653
INVESTMENT HIGHLIGHTS
- Price includes tenant improvement design-build for owner/users or 5% cap rate for investors.
EXECUTIVE SUMMARY
Conveniently located near the Saddleback Memorial Medical Center, Laguna Hills Medical Arts Building B has been home to many well-established medical practices in the area. Laguna Hills Medical Arts Building B will be renovated to feature and emphasize a Mediterranean design which is prevalent in local architecture. The building will highlight new color schemes, upgraded railings, and stylistic awnings. The courtyard will be upgraded to include a relaxing outdoor seating area. Other common areas will also realize a touch up or two to bring the building to a harmonious design of calm and serenity. The building will enjoy a modernizing upgrade, but will continue to be the healing environment clients and tenants have enjoyed in the past. The location is conveniently centered to many nearby amenities including: Village at Laguna Hills (coming soon), Laguna Hills Civic Center, Saddleback Memorial Medical Center, and a plethora of dining and retail options. Access to the I-5 is only about a mile away and Irvine Spectrum is less than a 10 minute drive.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $719,638 - $2,045,140 |
| Unit Size | 1,031 - 2,930 SF |
| No. Units | 6 |
| Total Building Size | 29,809 SF |
| Property Type | Office |
| Property Subtype | Medical |
| Building Class | C |
| Floors | 3 |
| Typical Floor Size | 9,936 SF |
| Year Built | 1978 |
| Lot Size | 1.15 AC |
| Parking Ratio | 3.19/1,000 SF |
6 UNITS AVAILABLE
Unit L1B
| Unit Size | 2,925 SF |
| Price | $2,041,650 |
| Price Per SF | $698.00 |
| Condo Use | Office/Medical |
| Sale Type | Investment or Owner User |
SALE NOTES
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Unit L2B
| Unit Size | 2,930 SF |
| Price | $2,045,140 |
| Price Per SF | $698.00 |
| Condo Use | Office/Medical |
| Sale Type | Investment or Owner User |
Unit 14B
| Unit Size | 1,679 SF |
| Price | $1,171,942 |
| Price Per SF | $698.00 |
| Condo Use | Office/Medical |
| Sale Type | Owner User |
Unit 16B
| Unit Size | 1,433 SF |
| Price | $1,000,234 |
| Price Per SF | $698.00 |
| Condo Use | Office/Medical |
| Sale Type | Owner User |
Unit 23B
| Unit Size | 1,031 SF |
| Price | $719,638 |
| Price Per SF | $698.00 |
| Condo Use | Office/Medical |
| Sale Type | Investment or Owner User |
Unit 26B
| Unit Size | 1,368 SF |
| Price | $954,864 |
| Price Per SF | $698.00 |
| Condo Use | Office/Medical |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.00% |
| NOI | $47,743.20 |
AMENITIES
- Courtyard
- Central Heating
- Outdoor Seating
- Air Conditioning
- Balcony
ZONING
| Zoning Code | OP (Office Professional) (The zone allows for office uses and medical office uses with site development permits (Buyer verifies).) |
