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1870 Harbor Blvd
Costa Mesa, CA 92627
Retail Property For Sale


Investment Highlights
- Irreplaceable, Generational, Southern California Coastal Real Estate
- Leasing Momentum
- Strong Retail Fundamentals
- Dense, Affluent Trade Area, Wide Drawing Radius
- Internet Resistant Tenant Roster
- Below Market Rents/Growth
Executive Summary
Newmark Pacific Retail Capital Markets is pleased to present the opportunity to acquire Triangle Square,
a 194,241 square foot entertainment center located at the end of the 55 Freeway (96,000 CPD) in Costa
Mesa, California. Triangle Square is located at the entrance to the uber affluent and dense Newport Beach
trade area. Anchored by a very popular 24-Hour Fitness and a 8-screen movie theater, the center boasts
a high-end roster of restaurants and food uses (Casa de Onda, OJI Sushi, Prince Street Pizza, Westwood
Coast, Tavern & Bowl, Café Sevilla, and The Yard House), Time Nightclub, and modern spa user ASPIRE
Salon Studios.
The tenants cater to an affluent and dense trade area with 340,247 people within 5 miles of the center
earning nearly $168,801 annually. The demographics improve even more on the Newport Coast, one of
the most affluent pockets in the country. Nearly 15% of the center has been leased since COVID indicating
robust interest in the center. Rents are more than 12% below market allowing for a new buyer to grow
income by more than over $2.2 million over the next 10 years.
Triangle Square Deal Page: https://platform.reverecre.com/project/bef3acc6-77e1-4b0f-a1d3-60220bc65d3c
a 194,241 square foot entertainment center located at the end of the 55 Freeway (96,000 CPD) in Costa
Mesa, California. Triangle Square is located at the entrance to the uber affluent and dense Newport Beach
trade area. Anchored by a very popular 24-Hour Fitness and a 8-screen movie theater, the center boasts
a high-end roster of restaurants and food uses (Casa de Onda, OJI Sushi, Prince Street Pizza, Westwood
Coast, Tavern & Bowl, Café Sevilla, and The Yard House), Time Nightclub, and modern spa user ASPIRE
Salon Studios.
The tenants cater to an affluent and dense trade area with 340,247 people within 5 miles of the center
earning nearly $168,801 annually. The demographics improve even more on the Newport Coast, one of
the most affluent pockets in the country. Nearly 15% of the center has been leased since COVID indicating
robust interest in the center. Rents are more than 12% below market allowing for a new buyer to grow
income by more than over $2.2 million over the next 10 years.
Triangle Square Deal Page: https://platform.reverecre.com/project/bef3acc6-77e1-4b0f-a1d3-60220bc65d3c
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
194,241 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1993/2013
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.03
Lot Size
4.33 AC
Zoning
PDC - Planned Development
Frontage
589’ on Harbor Blvd
Amenities
- Bus Line
- Corner Lot
- Courtyard
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 424-231-25 | Improvements Assessment | $41,089,940 |
| Land Assessment | $21,795,124 | Total Assessment | $62,885,064 |
Property Taxes
Parcel Number
424-231-25
Land Assessment
$21,795,124
Improvements Assessment
$41,089,940
Total Assessment
$62,885,064
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