Golden Lantern, Laguna Ni

PROPERTY OVERVIEW

Address: 28992 Golden Lantern, Laguna Niguel, CA 92677

(currently occupied by tenant, DO NOT DISTURB TENANT)

APN: 637-023-04

Building Type: Free-standing one-story Retail Building (Existing)

Approx. 4,571 gross building square feet (TBVerified)

Land Area: Approx. 55,000 square feet (Approx 1.35 AC)

Zoning: CC (Country Commercial)

Year Built: Undetermined

Strengths: Oversized Lot. Demographically appealing Laguna Niguel suburb with freeway-friendly access to 5 and 73. Redevelopment or Owner-User Potential! IDEAL FOR MEDICAL, RETAIL, or OTHER CONFORMING USE

Challenges: Entitlement may need independent City/Zoning investigation.

Get to Know the property

Offering

This offering, presented by DavCo Realty Advisors, is effective February 1, 2024. a garden center tenant (Short term tenant) has occupied this property since the 1990s. They are on a short term lease with expiration of approx. Q2/Q3 24'. The property will likely be vacated at close of escrow to accommodate Buyer or new Lessee.

This uniqu

This unique opportunity is situated in the optimal retail zone with an array of redevelopment possibilities. The trade area is consider 'ground zero' for Laguna Niguel retail exposure.

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Zoning

Offering

Sec. 9-1-41.2.CC - Community Commercial District

Development of medium/large scale commercial areas, intended to serve a greater trade area than neighborhood centers and provide a broader range of goods & services, including retail, office, service, lodging and entertainment uses.

(Ord. No. 99-107, § 5, 2-2-99)

https://library.municode.com

Sec. 9-1-41.2.CC - Community Commercial District

(Ord. No. 99-107, § 5, 2-2-99)

https://library.municode.com/ca/laguna_niguel/codes/code_of_ordinances?nodeId=TIT9PLZO_DIV1PL_ART2COZOCO_SUBARTICLE_4NODI_S9-1-41.2.CCCOCODI

City Contact: Gene Smith,

Planning Tech (Sec 9-1-42)

Gsmith@cityoflagunaniguel.org

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Tours

Historical Use

Tours will only be scheduled in advance with Listing Broker only as appropriate. commencing after March 1, 2024. PLEASE, no unannounced tours on the premises as currently occupied.

Historical Use

A garden center use has occupied the building since the early 1990s. To the best of our knowledge, this property has been commercially utilized for local retail nursery & gardening use.

Sale/LEASE price/terms

Benchmark Pricing

SALE-Pricing has been set at a benchmark $2,750,000 but Buyer may adjust pricing as the deem approriate.

LEASE-Pricing has been set at a benchmark $18,000/ month, on a NNN basis. Term shall be for a minimum of 10 years.

As-Is Condition

Benchmark Pricing

The Property is to be sold/leased in an 'As-Is' condition. All due diligence is to be conducted by Prospective Buyer's accord, with full reliance on ALL INFORMATION confirmed independently by Buyer. Both physical building, property conditions, and land metrics shall be subject to Buyers' independent review, due diligence, and their own 3rd party inspections and reports.

Offers

Benchmark Pricing

Offers

Offers are recommended to be submitted after March 1, 2024. Offers will be responded to on a timely basis with either acceptance, counteroffer, or rejection of basic terms. Offers are recommended in either an AIR form, CAR form, or other standardized industry standard form.

Laguna Niguel commercial Property-Just liSTED

PROPERTY OVERVIEW

Get to Know the property

Offering

Offering

Offering

Zoning

Offering

Offering

Tours

Historical Use

Historical Use

Historical Use

Historical Use

Historical Use

Sale/LEASE price/terms

Benchmark Pricing

Benchmark Pricing

Benchmark Pricing

As-Is Condition

Benchmark Pricing

Benchmark Pricing

Offers

Benchmark Pricing

Offers

Explore the property

Demographics