1555-1585 Laurel Bay Ln - Manufacturing FOR SALE


San Diego, CA 92154- Otay Mesa
$5,752,760 USD
858-458-3359
1555-1585 Laurel Bay Ln, San Diego, CA for Sale
$5,752,760 USD
Manufacturing - FOR SALE
1/9
null | Request Cap Rate

1555-1585 Laurel Bay Ln
San Diego, CA 92154
Otay Mesa


HIGHLIGHTS

  • 1555-1585 LAUREL BAY LANE is well located near Hwy 905 and the 125 Toll Road
  • Located close to the Otay Mesa border crossing and near future 3rd border crossing
  • Labor pool is within a short distance of the property.
  • 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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,752,760 USD

PRICE/SF

$299 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

25 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

55

LAND DETAILS

LAND ACRES

8.46

LAND SF

368,535

ZONING

I-7

APN/PARCEL ID

646-240-79-41

ASK ABOUT THIS PROPERTY

Patrick ConnorsVoit Real Estate ServicesMore Info
858-458-3359

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Patrick ConnorsVoit Real Estate ServicesMore Info
858-458-3359

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.