TROPHY OPPORTUNITY IN LAGUNA BEACH | 30622 Coast Hwy
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TROPHY OPPORTUNITY IN LAGUNA BEACH 30622 Coast Hwy
4,387 SF Retail Building Laguna Beach, CA 92651 $17,298,634 CAD ($3,943 CAD/SF) 3% 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
$17,298,634 CAD
Price Per SF
$3,943 CAD
Cap Rate
3%
NOI
$518,817 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Land Acres
0.88 AC
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Ruby's Diner
- Retailer
- 4,387 SF
- -
- Net
- Aug 2034
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Ruby's Diner | Retailer | 4,387 SF | - | Net | Aug 2034 |
PROPERTY TAXES
| Parcel Number | 656-191-05 | Improvements Assessment | $1,265,282 CAD |
| Land Assessment | $476,578 CAD | Total Assessment | $1,741,861 CAD |
PROPERTY TAXES
Parcel Number
656-191-05
Land Assessment
$476,578 CAD
Improvements Assessment
$1,265,282 CAD
Total Assessment
$1,741,861 CAD
-
Power Broker 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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