Listed by Kidder Mathews Los Angeles West, Charles Dunn Real Estate Services Inc Los Angeles Downtown / Headquarters
$24,600,000
Medical Plaza | Surgery Center with Land & Development Upside
Details
APN 637-201-01
Property Type Office
Sub Type Medical Office
Square Footage 33,700
Cap Rate 5.75%
NOI $1,396,128
Occupancy 100%
Tenancy Multi
Year Built 1982
Year Renovated 2006
Stories 2
Acreage 2.540
Parking Spaces 184 spaces
Parking Per SqFt 5.46
Investment Type Stabilized
Office | 5.75% CAP | 33,700 SqFt
Marketing description
Kidder Mathews is pleased to present the opportunity to acquire the property located at 27882 Forbes Rd, Laguna Niguel, CA 92677 "Property". The Property is a modern, two-story medical/office building situated on an expansive land parcel in Laguna Niguel, which was incorporated on 12/1/89 becoming the 29th City in Orange County. The City is one of South Orange County's most affluent and supply-constrained submarkets. The asset offers strong in-place income combined with the potential future development optionality driven by excess land, currently used as on-site surface parking. The Property enjoys extensive frontage, and proximity to major transportation corridors.
Investment highlights
- Immediate Cash Flow: The Property provides stable income allowing investors to hold the asset comfortably while evaluating long-term strategies.
- True Land Play in a High-Barrier Market: With approximately 2.54 acres of land, the site represents a rare land-bank opportunity in Laguna Niguel, where large, well-located parcels are increasingly scarce. Long-term appreciation in coastal Orange County is driven primarily by land value.
- Low Site Coverage Creates Built-In Upside: The existing improvement footprint is approximately 12% of the site, creating potential future options to expand, add additional improvements, or pursue redevelopment over time, subject to land use, zoning, and customary approvals.
- Exceptional Frontage, Visibility & Access: The Property benefits from a signalized corner location with approximately 375 feet of primary street frontage and 250 feet of secondary frontage, providing excellent visibility and access. The site is located ±1.2 miles from Interstate 5 and ±2.3 miles from the SR-73 Toll Road.
- Affluent Demographics Drive Long-Term Demand: Average household incomes of approximately $150,000 within 1 mile & a population over 235,000 within 5 miles support sustained demand for medical, professional, & service-oriented uses.
- This is a hybrid investment offering stable income today and control of valuable land for tomorrow—ideal for investors seeking cash flow, downside protection, & meaningful long-term upside in a premier Southern California market.
- Adjacent to Hanover Laguna Niguel Luxury Apartments: Hanover Laguna Niguel offers 309 thoughtfully designed residences, with floor plans ranging from studios to one- and two-bedroom layouts, all complemented by a curated collection of retreat-style amenities.
Listing Contacts
Listed by Kidder Mathews Los Angeles West, Charles Dunn Real Estate Services Inc Los Angeles Downtown / Headquarters
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,396,127.96
$116,344.00/mo
Valuation Metrics
0
DSCR
5.68%
Cap Rate
5.68%
ROI
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