Urban-High Street
Historical Heisler Building
400 S Coast Hwy, Laguna Beach, CA 92651
Listing Price: Request For Offer
Investment Overview
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.
Exclusively Listed By
Urban-High Street
Historical Heisler Building
Listing Price: Request For Offer
Investment Highlights
- Main & Main Historic Building at Prime Intersection Across from Main Beach
- Only Downtown Building with Rooftop Dining
- Complete Renovation in 2009 and Remodel of 2nd Floor and Built Rooftop Bar/Dining in 2015
- Building Subject to Mills Act
Investment Overview
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.
Exclusively Listed By
