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TROPHY OPPORTUNITY IN LAGUNA BEACH 30622 Coast Hwy 4,387 SF Retail Building Laguna Beach, CA 92651 $15,355,120 CAD ($3,500.14 CAD/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
$15,355,120 CAD
Price Per SF
$3,500.14 CAD
Cap Rate
3.36%
NOI
$515,582 CAD
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 | $1,317,596 CAD |
| Land Assessment | $496,284 CAD | Total Assessment | $1,813,881 CAD |
PROPERTY TAXES
Parcel Number
656-191-05
Land Assessment
$496,284 CAD
Improvements Assessment
$1,317,596 CAD
Total Assessment
$1,813,881 CAD
CONTACTS
-
Alvin Mansour -
Christopher Talia -
Adam Attia -
The Mansour Group of Marcus & Millichap
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TROPHY OPPORTUNITY IN LAGUNA BEACH | 30622 Coast Hwy
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