Call Denny Pender 949-331-2077 1626 Placentia Ave 16,555 SF Industrial Building Costa Mesa, CA 92627 $11,000,000 ($664.45/SF) 3.12% Cap Rate

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.