400 S Coast Hwy, Laguna Beach, CA 92651
Marcus and Millichap is pleased to exclusively offer for sale the Heisler Building, a celebrated landmark in Laguna Beach, California. This historic building, designed in the Provincial Revival style, was built in 1931, and renovated in 2009 and again in 2015. The property spans 14,186 square feet on a 0.16-acre lot. The Heisler Building is listed in the Historic Register of Laguna Beach. On August 22, 2012, the owner entered into a Historic Property Agreement to retain the asset’s historical characteristics. As a result, this building was granted property tax protection under the Mills Act. Over the past five years this building has been 100% occupied by two tenants. Tommy Bahama had been a tenant since 2010 and occupied the entire ground floor, but elected not to extend their lease even though averaging $625 per square foot. Skyloft occupies the second floor and rooftop terrace under a lease through 2025, where their sales have averaged $654 per square foot.
Marcus and Millichap is pleased to exclusively offer for sale the Heisler Building, a celebrated landmark in Laguna Beach, California. This historic building, designed in the Provincial Revival style, was built in 1931, and renovated in 2009 and again in 2015. The property spans 14,186 square feet on a 0.16-acre lot. The Heisler Building is listed in the Historic Register of Laguna Beach. On August 22, 2012, the owner entered into a Historic Property Agreement to retain the asset’s historical characteristics. As a result, this building was granted property tax protection under the Mills Act. Over the past five years this building has been 100% occupied by two tenants. Tommy Bahama had been a tenant since 2010 and occupied the entire ground floor, but elected not to extend their lease even though averaging $625 per square foot. Skyloft occupies the second floor and rooftop terrace under a lease through 2025, where their sales have averaged $654 per square foot.
