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3505 Cadillac Ave - Bldg K

5,844 SF Flex Condo Unit Offered at $2,499,000 in Costa Mesa, CA 92626

Investment Highlights

  • Two (2) GL Loading Doors.
  • 200 Amps of 120/280 V Power.
  • Corner Unit.
  • 16' Warehouse Clear Height.
  • 3:1,000 Parking Ratio.
  • Close Proximity to SOCO and South Coast Plaza.

Executive Summary

Cabrillo Park is strategically located next to Soco Shopping, the 405 Freeway and Harbor Blvd. Backing the Santa Ana River and flanked by the 405, this location offers a variety of uses, including light industrial, manufacturing and even professional offices. It is also uniquely zoned to allow Measure X (Cannabis). Boasting approximately 5844 Sq. Ft and spread out over a single floor, this is basically a blank canvas waiting for the next artist to arrive. We recently completed a 2 year remodel (April, 2024) of the electrical, plumbing, parking lot and building envelope leaving only ADA approved bathrooms in the center of the space. Add offices, shelving, racks, speciality equipment or whatever else your business needs to this wide open space. Additionally, we have two tall GL loading doors, high ceilings, skylights for natural (and free!) light as well as a professional front entry. Currently occupied by a small manufacturing business, the existing tenant is on a month-to-month lease and uses both K-2 and K-1 (the 6000 SF space next door). Further, they are flexible with their uses and can vacate (if needed) or potentially sign a longer term lease for some (or all) of the space. It is worth noting that, because there are TWO GL loading doors, it is possible to divide the interior into two separate usable spaces too! Whether you want to move your law practice / accounting firm, open a small manufacturing company, utilize the generous storage & logistics or just buy a warehouse, you’ll find this to be the “Cadillac” of properties and with nearly limitless possibilities.

Property Facts In Escrow

Price $2,499,000
Unit Size 5,844 SF
No. Units 1
Total Building Size 6,136 SF
Property Type Industrial (Condo)
Property Subtype Warehouse
Sale Type Investment
Building Class C
Floors 1
Typical Floor Size 6,136 SF
Year Built 1982
Tenancy Single
Lot Size 0.28 AC
Parking Ratio 3.1/1,000 SF
Sale Conditions 1031 Exchange

1 Unit Available

Unit 2

Unit Size 5,844 SF
Price $2,499,000
Price Per SF $427.62
Condo Use Flex
Sale Type Investment
Sale Conditions 1031 Exchange
APN/Parcel ID 139-661-21
Description

with 5844 SF and priced below $ 2.6MM, this is the best deal on the market. The building was completely renovated in April of 2024 with new electrical, ADA compliant bathrooms, parking, insulation and more.

Sale Notes

This is a rare opportunity to own both K1 and K2.

K1 (which is NOT our listing) has approx 6000 SF and is listed at about $2.6MM. Check the postings for the current price.

K2 (our listing) is 5844 SF and listed at $ 2.5MM as of 7-23-24.

Together, the two units comprise the entire building. Imagine owning your own stand-alone building in this versatile and high-demand area.

Both units have TWO GL loading doors (each) which means that you could potentially divide the space into two (or four, with both units) rentable spaces.

Additionally, both spaces are currently leased to the same low-maintenance tenant.

K1 (our listing) is leased on a month-to-month basis so the next owner can
Continue leasing to them
Lease part of the space to them and use the other part themselves
Give the current tenants time to vacate and use the entire space themselves.

Truly a blank canvas. Aside from the bathrooms (located in the center of the space), you can configure the rest of the space as you like. Offices, lofts, manufacturing, industrial or a combination thereof. Your imagination (and a city permit) are all that stand between you and having the space of your dreams!

This property is in a measure "X area (marajuana) and can be used for a variety of different applications, including office space, manufacturing, industrial and (of course) marijuana uses.

Recently remodeled, the electrical, insulation, ceiling panels and bathrooms (ada compliant) are all new.

3:1000 parking and conveniently close to Harbor blvd, SOCO and the 405 Freeway.  

This is a rare find and whether you want the space for yourself, as an investment property (or both), you won't be disappointed with the versatility and convenience 3505 K-2 offers.

Amenities

  • Signage
  • Air Conditioning
  • Smoke Detector

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

zoning

Zoning Code PD-1, Costa Mesa (Industrial Commercial)
PD-1, Costa Mesa (Industrial Commercial)
  • Listing ID: 32545012

  • Date on Market: 7/22/2024

  • Last Updated:

  • Address: 3505 Cadillac Ave, Costa Mesa, CA 92626

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