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1555-1585 Laurel Bay Ln 19,240 SF 100% Leased Flex Building San Diego, CA 92154 $7,879,613 CAD ($409.54 CAD/SF)
Investment Highlights
- 1555-1585 LAUREL BAY LANE is well located near Hwy 905 and the 125 Toll Road
- Labor pool is within a short distance of the property.
- Located close to the Otay Mesa border crossing and near future 3rd border crossing
- Rare opportunity to own with the ability to sell off condo units individually in the future at a projected significantly higher price per square foot
Executive Summary
This approximately 19,240 SF freestanding flex/industrial building is comprised of eight condo units and is easily divisible to accommodate separate tenants or multiple businesses operating independently. It includes four grade-level loading doors, 24-foot ceiling clear height, fire sprinklers, insulated warehouse ceilings, and gas service. Power includes 1,200 amps at 208/120 volts, plus an upgraded 4,000 amps at 480 volts, 3-phase, 4-wire. The roof features 45 kW solar panels with NET energy metering 2.0, offering potential savings of up to $15,000 per month on electricity. A Cannabis Conditional Use Permit (CUP) is in place for all eight units. The property offers easy access to Highways 905 and 125 and is zoned Otay Mesa IL2-1 (Light Industrial). The estimated 2025 HOA fee is $0.17/SF per month. The APNs include 646-240-79-24, 26, 28, 30, 32, 34, 36, and 37. The entire building can be made available for an owner/user, or it can be sold with approximately 9,416 SF (four condo units) leased at prevailing market rental rates.
Property Facts
| Price | $7,879,613 CAD | Lot Size | 8.46 AC |
| Price Per SF | $409.54 CAD | Rentable Building Area | 19,240 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Flex | Year Built | 2008 |
| Property Subtype | Light Manufacturing | Clear Ceiling Height | 25’ |
| Building Class | B | ||
| Zoning | I-7 - Cannabis CUP approval: Cultivation, manufacturing, and extraction operations | ||
| Price | $7,879,613 CAD |
| Price Per SF | $409.54 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | B |
| Lot Size | 8.46 AC |
| Rentable Building Area | 19,240 SF |
| No. Stories | 2 |
| Year Built | 2008 |
| Clear Ceiling Height | 25’ |
| Zoning | I-7 - Cannabis CUP approval: Cultivation, manufacturing, and extraction operations |
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 646-240-79-41 | Improvements Assessment | $366,744 CAD |
| Land Assessment | $83,127 CAD | Total Assessment | $449,871 CAD |
Property Taxes
Parcel Number
646-240-79-41
Land Assessment
$83,127 CAD
Improvements Assessment
$366,744 CAD
Total Assessment
$449,871 CAD
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1555-1585 Laurel Bay Ln
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