350 Paularino AveCosta Mesa, CA 92626

  • Flex space
  • 61,600 SF
For Sale
$26,900,000 View listing

Property Details for 350 Paularino Ave

Year built
1971
Lot size
2.90 AC
Property size (Sq ft)
61,600 SF
Property type
Flex space
APN
427-091-13
APU
42709113

Description

This exceptional 67,000-square-foot industrial building in Costa Mesa, California, presents a unique owner-user opportunity. Located on a 2.9-acre lot within the Costa Mesa Manufacturing Park, this Class B property boasts convenient access to John Wayne Airport's back entrance, ensuring efficient logistics. Built in 1971, the building features 21-foot ceilings, six loading docks (five dock-high), and upgraded 2000-amp power (480Y/277 volts). The property includes a 5,400-square-foot mezzanine office area and a fully fenced yard with a fire sprinkler system. Zoned MP, it offers ample space for manufacturing, distribution, or warehousing. Currently occupied, the property is available for owner-user occupancy by February 28, 2025. Its prime location, modern infrastructure, and substantial size make this a rare find in the competitive Orange County market. The asking price is $26,900,000 and a 1031 exchange is permitted. This property is ideal for businesses seeking a strategic Southern California presence with easy freeway access and excellent visibility. The building also offers upgraded water supply with clarifiers.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $18,145,878
    Hospitality
    $16,621,526
    Educational
    $13,828,915
    Medical
    $14,304,513
    Retail
    $21,511,646

Location Insight

City
Costa Mesa
County
Orange
State
California
Latitude
33.6792
Longitude
-117.872
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$129,727
$7,211,492
$2,550,041
$9,761,533
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