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3020 Pullman St
Costa Mesa, CA 92626
Tesla-Costa Mesa · Retail Property For Sale
Executive Summary
High-Quality, Publicly Traded Tenant
Tesla Motors, Inc. (TSLA) designs, develops, manufactures, and sells high-performance fully electric vehicles, advanced powertrain components, and Tesla energy products.
Superb Access
The property has a central location and is adjacent to the 55 Freeway. It is minutes from the 405, 5, and 91 Freeways, as well as the 73, 133, 241, and 261 Toll Roads. It is also just blocks away from John Wayne Airport.
Retail Amenities
Located in the heart of the Airport Area, the property is near South Coast Plaza, offering shopping, dining, and entertainment. Fashion Island is just 10 minutes to the south.
Long-Term Lease with Increases for Renewal Term(s)
Tesla has occupied the property for 10 years. It offers a stabilized, long-term, net leased investment opportunity with predictable cash flow. The two buildings are 100% leased for an additional 5 years, with three (3) additional 5-year extension options, each with a 10% rent increase.
Newly Refurbished
The property underwent a complete renovation in 2013 and 2014 prior to Tesla’s move-in. Upgrades included a new roof, HVAC systems, renovated glass line, upgraded facade, resurfaced parking lot, and rebuilt interiors to meet Tesla’s specifications. The front building includes 100% HVAC with office and service bays.
Central Location for Service & Delivery
Tesla Costa Mesa serves as a service center and maintenance facility, supporting customers throughout Orange County.
Tesla Motors, Inc. (TSLA) designs, develops, manufactures, and sells high-performance fully electric vehicles, advanced powertrain components, and Tesla energy products.
Superb Access
The property has a central location and is adjacent to the 55 Freeway. It is minutes from the 405, 5, and 91 Freeways, as well as the 73, 133, 241, and 261 Toll Roads. It is also just blocks away from John Wayne Airport.
Retail Amenities
Located in the heart of the Airport Area, the property is near South Coast Plaza, offering shopping, dining, and entertainment. Fashion Island is just 10 minutes to the south.
Long-Term Lease with Increases for Renewal Term(s)
Tesla has occupied the property for 10 years. It offers a stabilized, long-term, net leased investment opportunity with predictable cash flow. The two buildings are 100% leased for an additional 5 years, with three (3) additional 5-year extension options, each with a 10% rent increase.
Newly Refurbished
The property underwent a complete renovation in 2013 and 2014 prior to Tesla’s move-in. Upgrades included a new roof, HVAC systems, renovated glass line, upgraded facade, resurfaced parking lot, and rebuilt interiors to meet Tesla’s specifications. The front building includes 100% HVAC with office and service bays.
Central Location for Service & Delivery
Tesla Costa Mesa serves as a service center and maintenance facility, supporting customers throughout Orange County.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
39,149 SF
Building Class
C
Year Built/Renovated
1973/2014
NOI
$1,049,046
Tenancy
Single
Building Height
1 Story
Building FAR
0.40
Lot Size
2.25 AC
Zoning
MP - Industrial Park
Parking
100 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
231’ on Pullman St
Amenities
- Fenced Lot
Property Taxes
| Parcel Number | 427-351-05 | Improvements Assessment | $3,804,031 |
| Land Assessment | $12,845,969 | Total Assessment | $16,650,000 |
Property Taxes
Parcel Number
427-351-05
Land Assessment
$12,845,969
Improvements Assessment
$3,804,031
Total Assessment
$16,650,000
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