For Sale
$8,995,000

2183 Fairview RdCosta Mesa, CA 92627

Owner-User Opportunity in Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional two-story, 43,249 square foot Class B office building in Costa Mesa, CA presents a unique owner-user investment opportunity. Situated on a 1.64-acre lot at 2183 Fairview Rd, 92627, this property offers 32.3% occupancy, allowing immediate use of approximately 29,293 square feet with potential for future expansion. Built in 1984, the building benefits from secure subterranean parking and excellent visibility, with potential signage opportunities seen by over 31,000 vehicles daily. The asking price is $8,995,000 ($207.98/sq ft). This prime location offers unparalleled access to Newport Beach, South Coast Metro, John Wayne Airport, and Fashion Island, with convenient access to major freeways (SR-55, I-405, SR-73, and I-5). The property is situated within a thriving area experiencing robust low-rise office market growth, with current direct vacancy well below the overall market average. Furthermore, the property's location within Costa Mesa's "Measure K" zone presents potential future redevelopment upside. This owner-user investment offers protection against rental market uncertainty and rate hikes, while providing a significant lease-saving trade-off and after-tax equity accumulation. The property's strong location and flexible tenancy make it an ideal corporate headquarters investment.

Highlights

  • Exceptional owner-user opportunity: 43,249 SF Class B office building in Costa Mesa, CA, on a 1.64-acre lot, currently 32.3% occupied, asking $8,995,000 ($207.98/SF).
  • Strong Orange County investment fundamentals: The area boasts resilient market fundamentals, strong employment, and high quality of life, making it a highly sought-after market. Low-rise office market growth outpaces high-rise, with current direct vacancy well below market average.
  • Future redevelopment potential: Located in Costa Mesa's "Measure K" zone, allowing for potential future residential development.
  • Prime coastal location: Excellent visibility and access to Newport Beach, South Coast Metro, John Wayne Airport, and Fashion Island.
  • Superior access to major freeways and transportation: Convenient access to SR-55, I-405, SR-73, and I-5, plus John Wayne Airport.

Property Details for 2183 Fairview Rd

Property type
Office properties
Square Feet
43,249 SF
Class
B
Year Built
1984
Buildings
1
Stories
2
Lot Size (sq. ft)
71,438 SF

Location Insight

City
Costa Mesa
County
Orange
State
California
Latitude
33.6537112
Longitude
-117.9080372
2183 Fairview Rd, Costa Mesa, California

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2183 Fairview Rd
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