23172 Alcalde DrLaguna Hills, CA 92653

Property Details for 23172 Alcalde Dr

Year built

1989

Property size (Sq ft)

1,872 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional 1,872 square foot industrial warehouse condo, located at 23172 Alcalde Drive, Unit A, Laguna Hills, CA 92653, presents a compelling investment opportunity. Built in 1989, this single-story property boasts a 16-foot ceiling height and a single loading dock, enhancing operational efficiency. The clear-span warehouse design maximizes usable space, complemented by floor-to-ceiling storefront glass, providing ample natural light. Priced at $1,123,200 ($600/sq ft), this property offers significant potential for appreciation in the robust California real estate market. The current lease extends to December 31, 2024, providing immediate income potential and mitigating risk. Ownership offers numerous advantages, including protection from rent increases, favorable financing options, equity growth through mortgage pay-down, valuable tax deductions, and control over property maintenance and operating costs via the owner's association and professional property managers. This is an ideal opportunity for investors seeking a stable, high-return asset in a prime Orange County location. The property is situated within the Laguna Hills Business Center.

Location Insight

City

Laguna Hills

County

Orange

State

California

Latitude

33.6222

Longitude

-117.725

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