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Shopping Strip

The Masters Building | Trophy Coastal Location

2711 East Coast Hwy, Newport Beach, CA 92625

Listing Price: $11,500,000

Cap Rate
4.88%
Gross SF
11,604
Rentable SF
11,604
Price/Gross SF
$991.04
Lot Size
0.24 acres
Year Built
1963

Investment Overview

--Prime Coastal Retail--

-Exclusive, High Barrier-to-Entry Market – Corona Del Mar Is One of Southern California’s Most Desirable Neighborhoods, Known for Its Pristine Coastal Charm, Affluent Resident Base, and Extremely Limited Supply of Commercial Real Estate

-Ideal for Upscale Retail or Service Tenants – Perfectly Suited for Boutique Retail, Gallery, Spa, or Experiential Users Seeking a Prestigious Address in an Irreplaceable Location

-Pedestrian-Friendly Coastal Setting – Steps from Residential Enclaves and Coastal Amenities That Attract High-End Consumers, Tourists, and Professionals Alike

-Limited Retail Competition – Tight Zoning and Scarce Commercial Inventory Limit Future Retail Supply, Enhancing the Long-Term Value of This Asset

--Excellent Real Estate Fundamentals--

-Highly Visible and Accessible Location – Premier Corner Positioning on E. Coast Highway with Multiple Ingress/Egress Points and Strong Vehicular and Pedestrian Traffic

-Established Coastal Trade Area – Serves an Upscale Population Familiar with Boutique Retail Experiences and Premium Lifestyle Services

-Rare for the Coast – ±26 Onsite Parking Spaces Plus Ample Street Parking Available

Investment Highlights

  • Trophy Location on Pacific Coast Highway – Positioned at the Gateway to the Coast in One of Orange County's Most Affluent and Prestigious Communities (Corona Del Mar's Average Home Price is Nearly $4
  • Exceptional Visibility and Traffic Exposure – Located Along Pacific Coast Highway with Traffic Counts Exceeding 50,000 Cars per Day
  • Extraordinary Demographics – Surrounded by Extraordinary Household Wealth, with Average Household Income Exceeding $205,000 Within a One-Mile Radius
  • Proximity to Major Demand Drivers – Steps from Fashion Island (±1.3 Million SF of Class A Retail) and Over 3 Million Square Feet of Surrounding Class A Office Space, Providing Consistent Daytime and Evening Traffic

Exclusively Listed By

Financing By

Shopping Strip

The Masters Building | Trophy Coastal Location

Listing Price: $11,500,000

Cap Rate
4.88%
Gross SF
11,604
Rentable SF
11,604
Price/Gross SF
$991.04
Lot Size
0.24 acres
Year Built
1963

Investment Highlights

  • Trophy Location on Pacific Coast Highway – Positioned at the Gateway to the Coast in One of Orange County's Most Affluent and Prestigious Communities (Corona Del Mar's Average Home Price is Nearly $4
  • Exceptional Visibility and Traffic Exposure – Located Along Pacific Coast Highway with Traffic Counts Exceeding 50,000 Cars per Day
  • Extraordinary Demographics – Surrounded by Extraordinary Household Wealth, with Average Household Income Exceeding $205,000 Within a One-Mile Radius
  • Proximity to Major Demand Drivers – Steps from Fashion Island (±1.3 Million SF of Class A Retail) and Over 3 Million Square Feet of Surrounding Class A Office Space, Providing Consistent Daytime and Evening Traffic

Investment Overview

--Prime Coastal Retail-- -Exclusive, High Barrier-to-Entry Market – Corona Del Mar Is One of Southern California’s Most Desirable Neighborhoods, Known for Its Pristine Coastal Charm, Affluent Resident Base, and Extremely Limited Supply of Commercial Real Estate -Ideal for Upscale Retail or Service Tenants – Perfectly Suited for Boutique Retail, Gallery, Spa, or Experiential Users Seeking a Prestigious Address in an Irreplaceable Location -Pedestrian-Friendly Coastal Setting – Steps from Residential Enclaves and Coastal Amenities That Attract High-End Consumers, Tourists, and Professionals Alike -Limited Retail Competition – Tight Zoning and Scarce Commercial Inventory Limit Future Retail Supply, Enhancing the Long-Term Value of This Asset --Excellent Real Estate Fundamentals-- -Highly Visible and Accessible Location – Premier Corner Positioning on E. Coast Highway with Multiple Ingress/Egress Points and Strong Vehicular and Pedestrian Traffic -Established Coastal Trade Area – Serves an Upscale Population Familiar with Boutique Retail Experiences and Premium Lifestyle Services -Rare for the Coast – ±26 Onsite Parking Spaces Plus Ample Street Parking Available

Exclusively Listed By

Financing By

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