A rare industrial offering in the heart of Laguna Hills, this property features approximately 12,000 square feet of improvements on a 1.47-acre lot. The building combines flexibility, income stability, and long-term potential, making it an outstanding opportunity for both investors and owner-users. Currently, 45% (5,400 SF) of the property is leased to a stable tenant through September 2028, providing reliable income and security. The remaining 55% (6,600 SF) is available for immediate occupancy, offering versatility for an owner-user seeking to establish operations or for an investor looking to capture additional rental upside. With its generous building size, functional layout, and strategic South Orange County location, 23231 Vista Grande Drive is well-suited for a wide range of industrial and commercial uses, including warehousing, distribution, light manufacturing, or a hybrid configuration with showroom and office space. Excellent regional access and proximity to amenities further enhance the property’s appeal.