30012 Ivy Glenn Dr, Laguna Niguel
- Asking price of $6,435,000 ($273/sq.ft.) / ±23,582 sq.ft.
- ±6.0% actual year-one cap rate based on the current ±87% occupancy
- 30012 Ivy Glenn is nearly adjacent to the newly-approved, 24-acre, 200,000-sf +$200 million Town Center development, which will include retail, residential, restaurants, a specialty market, food hall, and a community event space
- As a result of this long-awaited Town Center, 30012 Ivy Glenn should be in very high demand enabling an investor to push rents and increase occupancy
- The current owner has recently completed numerous improvements, including new HVAC units, ADA upgrades, paint, and new parking lot surface and striping