Available For Sale - Retail

5,625 SF | Show Pricing $

AVAILABILITY DETAILS

Size
5,625 SF
Price/SF
Show Pricing $
Listing ID
SA407360
Notes
HIGHLIGHTS

• Rare Opportunity to Acquire Eastside Costa Mesa Retail Strip

• Convenient Access to 55, 405 and 73 Freeways

• Prominent Pylon & Building Signage Along Newport Boulevard

• Upside in Restructuring Leases to NNN and Bringing Rents to Market

• Trophy Location with Access to Schools, Recreation, Jobs, and

Entertainment

• Coveted Gated Storage Yard Generates Additional Income

• Recent Upgrades to Facade and Signage

• Exceptional Parking (6.22 Parking Ratio)



PROPERTY ADDRESS 2428 NEWPORT BLVD

COSTA MESA, CA

APN 439-281-04

PRICE $2,675,000

CAPITALIZATION RATE 4.55%

CAPITALIZATION RATE - PRO FORMA 6.05%

PRICE PER SQUARE FOOT $475.56

YEAR BUILT / RENOVATED 1961 / 2015

GROSS LEASABLE AREA ±5,625

LOT SIZE ±19,602

Parking Spaces Ratio ±35 (6.22 Parking Ratio
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Matt Hardke, Vantis Capital Advisors