Historic 1 Million Sq. Ft. Federal Building Up for Grabs - Auction Extended!

Location: Chet Holifield Federal Building in Laguna Niguel
Purpose: The building is for sale - VIA Auction.
BID NOW!
Link to the Auction: realestatesale...
Sale History: Originally listed in 2022 for aproximatly the same $70+ million price with no bids due to a historical preservation easement.
Re-listed in June, 2024 for $72 million, receiving multiple bids.
Current auction price: $152 million.
Bidding details: $200,000 refundable deposit required.
Property Details: Aproximate Total area: 92 acres, fully redevelopable.
Potential for development: Average lot size: just under 3,000 sq ft.
Potential homes per acre: 14.
Total potential homes: 1,335.
Estimated total value: $1.3 billion (assuming $1 million per home).
Adjusted estimate: 1,000 homes for $1 billion after accounting for infrastructure.
Commission Disclosure: Small commission of 0.5% if the presenter represents the winning bidder.
Tour of the Property: Address: 24000 Avila Road, Laguna Niguel, CA.
Key features:
Large parking lot with 4,777 spaces.
Cooling towers and air conditioning facilities (old and likely need replacement).
High-security entrance.
1 million sq ft building with 3,840 solar cells on the roof.
Basketball courts (four courts).
Proximity to Aliso and Wood Canyons Wilderness Park
Additional Information:
Link to a video on Aliso and Wood Canyons Wilderness Park for more details on nearby amenities.
Let me know if you need any more details.
Link to the Auction: realestatesale...
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[@TheUnFairAdvantageCrypto]

commercial use in Cali lol cant wait to see how this ends in 3-4 years - wh the hell you think is gonna have the cash!

[@O.C.Living]

The property is being sold at auction and the price is over $157,000,000 and it will sell. Believe it or not its actually a good investment...