Investment Overview

Prime Eastside Costa Mesa Location Located along Newport Boulevard, one of Eastside Costa Mesa’s most heavily trafficked and visible commercial corridors, with immediate access to State Route 55, Interstate 405, and State Route 73. The property benefits from strong traffic counts, excellent frontage, and proximity to Newport Beach and major Orange County employment centers. Owner/User and Value-Add Flexibility The property is approximately 46% leased with a mix of short-term and month-to-month leases, offering a rare opportunity for an owner/user to occupy a portion of the property while maintaining in-place income. Investors can reposition the tenant mix, lease up vacant space, and drive NOI growth. Below-Market Rents with NOI Upside Several in-place leases are below current market rates, creating a clear path for rental growth through mark-to-market leasing and improved tenant composition. Strong Physical Attributes The ±5,625-square-foot retail property sits on a ±0.45-acre parcel and features prominent pylon and building signage, a gated storage yard generating ancillary income, and an exceptional parking ratio of approximately 6.22 spaces per 1,000 square feet, exceeding typical retail standards in the submarket. Supply-Constrained Submarket Eastside Costa Mesa is one of Orange County’s most desirable and supply-constrained retail submarkets, with limited new development due to zoning constraints and land scarcity, supporting long-term occupancy stability and rental appreciation. Dense Demographics and Affluent Consumer Base Surrounded by dense residential neighborhoods and near Newport Beach, Triangle Square, South Coast Plaza, John Wayne Airport, and the Irvine Business Complex. The area benefits from a strong daytime population, high household incomes, and sustained retail demand. Long-Term Growth Fundamentals High barriers to entry, strong local demand drivers, and a desirable coastal-adjacent location position the property for long-term value appreciation and stable cash flow growth.