Property profile

23272 Mill Creek Dr Laguna Hills, CA 92653

FOR LEASE
Showrooms
Property ID
US09-1695703
29,053 SF 1.62 ac lot Built 1984
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Spectrum Summit Plaza, located at 23272 & 23282 Mill Creek Drive in Laguna Hills, California (zip code 92653), offers exceptional office space for lease. This three-story building, situated in Orange County, boasts a total of 10,292 square feet. The property features a variety of configurations to suit diverse business needs, with spaces ranging from a minimum of 810 square feet to a maximum contiguous space of 2,389 square feet. Currently, there is 11,634 square feet of vacant space available for lease, allowing for significant flexibility in tenant build-outs. The building is equipped with elevators for convenient access to all three floors. The property is categorized as both Traditional Office and Executive Office space, catering to a wide range of businesses. Multiple tenancies are available, providing options for businesses of various sizes. This exceptional location in Laguna Hills offers easy access to major transportation routes and amenities, making it an ideal location for businesses seeking a productive and convenient work environment. The property's address is clearly identified as 23272 & 23282 Mill Creek Drive, Laguna Hills, CA 92653. Inquire today to learn more about the available spaces and lease terms.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1984
Total area 29,053 SF
Lot 1.62 ac (70,672 SF)
APN 588-141-11
UPID US09-1695703

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service Bank
  • Accounting Firm Tax Preparation
  • Bank Loan Service
  • Employment Agency
  • Tech Support Center IT Consulting Firm

Location

23272 Mill Creek Dr Laguna Hills, CA 92653
Laguna Hills metro Census 62652 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.30M

Owner & transaction history

since 2024
7 recorded transactions
2024
Price N/A
2023
Price N/A
2023
Price N/A
2013
$6.0M
1998
Price N/A
1990
$11.2M
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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