1626 Placentia Ave - Manufacturing FOR SALE


Costa Mesa, CA 92627- Westside Costa Mesa
$11,000,000 USD
949-422-7227
1626 Placentia Ave, Costa Mesa, CA for Sale
$11,000,000 USD
Manufacturing - FOR SALE
1/18
null | 3.12% Cap Rate

1626 Placentia Ave
Costa Mesa, CA 92627
Westside Costa Mesa


HIGHLIGHTS

  • Rare Industrial Investment Opportunity
  • Two Buildings on 1.37 Acres
  • 100% occupied by Roadtrip Productions LTD
  • Extensive Renovations in 2019
  • Seller Financing Available

OVERVIEW

1626 Placentia presents a rare and unique opportunity to purchase a flex commercial /industrial property in the heart of the exclusive and highly desirable Costa Mesa industrial marketplace. The Property consists of two structures situated on 1.37 acres of fee simple land. The main structure is a 13,100 SF warehouse building that was extensively renovated in 2019 as a modern corporate office for Roadtrip Productions Ltd. This modern office buildout contains many of the features and amenities sought after by many corporations. The adjacent 3,450 SF building is a warehouse building. Roadtrip leases both buildings with the lease expiring January 31, 2027 with no options to renew. The property provides an investor or an owner/user with a multitude of options. As an owner occupant of the premises, companies can plan for their move while enjoying the cash flow from the investment through the lease expiration. An investor can either re-tenant the property at much higher market rents or refurbish and offer it for sale to the Owner / User marketplace. The desirable location of this property drives rent and value, evident by the one of the most historically low vacancy rates in all of southern California. With close proximity to the Newport Peninsula, Corona del Mar and John Wayne Airport, 1626 Placentia offers a location central to many business owners, employees and investors. This unique asset is a high-quality industrial property and a superior investment for any investor as an addition to its portfolio or as a 1031 exchange replacement property with stable cash flow, excellent location and a lease in place.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$664 USD /SF

CAP RATE

3.12%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Call Denny Pender 949-331-2077

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.38

LAND SF

60,000

ZONING

C2

APN/PARCEL ID

424-121-02

ASK ABOUT THIS PROPERTY

Bucky GillettGillett CommercialMore Info
949-422-7227

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Bucky GillettGillett CommercialMore Info
949-422-7227

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.