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2900 Bristol St - Bldg E 2,206 SF Office/Medical Condo Unit Offered at $895,000 in Costa Mesa, CA 92626
Investment Highlights
- Two adjoining condominiums sold together, adjoining interior walls, with interior opening
- Owner - User opportunity
- tenant until October 2027
Executive Summary
Braun International is pleased to present this 2 unit office/medical condominium. Within walking distance to The Camp and The Lab shopping centers, minutes to John Wayne Airport, and directly adjacent to the 55 and 73 freeway intersection. Highlights • Incredible opportunity to own and occupy a turn-key office/medical condo with dual entry, and within walking distance to endless dining, shopping, and transportation. • Restaurants and amenities are extremely close by. • Two adjoining office/medical condominiums comprising located on the second floor of building A. • Built in 1982, in “The Waters at Creekside” with high-end finishes, multiple private offices, dual entry, overlooking the courtyard. • Approx. 2,206 SF - buyer to verify. • Current tenant is Rice Chiropractic lease expires 10-31-2027 • Current lease rate - $4,500 per month plus HOA fees • Effective May 1, 2023, Tenant’s Base Year for Real Estate Taxes shall be 2023/24. Tenant shall pay Landlord any increases on property taxes over and above its established Base Year. • Parking is free. • HOA fees include water, ground maintenance, parking lot, elevators, roof, painting and building structure. PAGE | 5 INTERNATIONAL REAL ESTATE SINCE 1908 LAYOUT • Each condominium has it’s own access from the exterior walkway. • There is access inside both condominiums to each other. • Unit 201 has a bathroom with 4 suites and a reception area, Unit 202 has 5 suites without a bathroom. • There are short-term leases in place in both condominiums, which may be extended for 5 years with an additional option ( per the tenants communication). • Opportunity to lease out two condominium with their own exterior entrances, providing income to offset ownership costs.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | APN/Parcel ID | 939-570-57, 939-570-58, 939-570-59 |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 939-570-57, 939-570-58, 939-570-59 |
condominium. Within walking distance to The Camp and The Lab
shopping centers, minutes to John Wayne Airport, and directly
adjacent to the 55 and 73 freeway intersection.
LAYOUT
- Each condominium has it’s own access from the exterior walkway.
- There is access inside both condominiums to each other.
- Unit 201 has a bathroom with 4 suites and a reception area, Unit 202 has 5 suites without a bathroom.
- There are short-term leases in place in both condominiums, which may be extended for 5 years with an additional option ( per
the tenants communication).
- Opportunity to lease out two condominium with their own exterior entrances, providing income to offset ownership costs.
Highlights
- Incredible opportunity to own and occupy a turn-key office/medical
condo with dual entry, and within walking distance to endless
dining, shopping, and transportation.
- Restaurants and amenities are extremely close by.
- Two adjoining office/medical condominiums comprising located
on the second floor of building A.
- Built in 1982, in “The Waters at Creekside” with high-end finishes,
multiple private offices, dual entry, overlooking the courtyard.
Approx. 2,206 SF - buyer to verify.
- Current tenant is Rice Chiropractic lease expires 10-31-2027
- Current lease rate - $4,500 per month plus HOA fees
- Effective May 1, 2023, Tenant’s Base Year for Real Estate Taxes shall
be 2023/24. Tenant shall pay Landlord any increases on property
taxes over and above its established Base Year.
- Parking is free.
HOA fees include water, ground maintenance, parking lot,
elevators, roof, painting and building structure.
¦ Listing Price $895,000
¦ The property is sold in as is condition
¦ Seller will not make any repairs
¦ Buyer will execute sellers trust addendum
¦ Buyer to provide proof of funds with offer
¦ Buyer deposit upon acceptance of offer is 3% of purchase price
¦ Property and financial information available at BraunCo.com
¦ Property Sold with existing tenants
¦ Seller is a Manager of the LLC
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 2 | 2,206 SF | Office/Medical | $895,000 ($405.71/SF) | - |
Unit 2
| Unit Size |
| 2,206 SF |
| Condo Use |
| Office/Medical |
| Price |
| $895,000 ($405.71/SF) |
| NOI |
| - |
Unit 2
| Unit Size | 2,206 SF |
| Condo Use | Office/Medical |
| Price | $895,000 ($405.71/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 939-570-57, 939-570-58, 939-570-59 |
| Description | |
|
Braun International is pleased to present this 2 unit office/medical condominium. Within walking distance to The Camp and The Lab shopping centers, minutes to John Wayne Airport, and directly adjacent to the 55 and 73 freeway intersection. LAYOUT
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| Sale Notes | |
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Property Facts
Amenities
- Courtyard
- Outdoor Seating
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Holistic Nutrition Center Inc |
-
|
September 2029
|
| R2A Architecture Planning & Interiors |
-
|
May 2027
|
Contact the Sale Advisor
2900 Bristol St - Bldg E