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562-590 W. 19th St - Leasehold & Fee Simple 570-590 W 19th St 10,500 SF 100% Leased Retail Building Costa Mesa, CA 92627 $8,242,000 ($784.95/SF) 6.30% Cap Rate
Executive Summary
Coastal Commercial is pleased to present the opportunity to acquire 562–590 W 19th Street, a strategically located mixed-interest asset in the heart of Costa
Mesa, one of Orange County’s most dynamic and supply-constrained coastal markets. The offering consists of both fee simple and leasehold interests, providing investors with a unique blend of stable income, operational flexibility, and long-term upside potential.
Positioned along West 19th Street, a heavily traveled corridor connecting Newport Beach to central Costa Mesa, the property benefits from strong visibility, consistent traffic counts, and immediate access to major thoroughfares including Newport Boulevard and the 55 Freeway. The surrounding area is characterized by a dense and affluent population base, with continued residential and commercial growth fueling demand for retail and service-oriented uses.
The asset is comprised of a diverse tenant mix, offering income stability and reduced rollover risk. The combination of fee simple ownership and leasehold components allows for a favorable basis relative to fully fee simple acquisitions, while also presenting investors with the opportunity to enhance value through lease restructuring, repositioning, or future redevelopment strategies.
Costa Mesa continues to experience strong economic fundamentals driven by its proximity to major employment hubs, coastal amenities, and regional retail destinations such as South Coast Plaza. The city’s pro-business environment and ongoing revitalization efforts further support long-term rent growth and asset appreciation.
This offering is well-suited for investors seeking a stable, income-producing property with embedded upside in a high-barrier-to-entry coastal submarket. The 562–590 W 19th Street asset represents a compelling opportunity to capitalize on both current cash flow and future value creation in one of Southern California’s most desirable investment locations.
Mesa, one of Orange County’s most dynamic and supply-constrained coastal markets. The offering consists of both fee simple and leasehold interests, providing investors with a unique blend of stable income, operational flexibility, and long-term upside potential.
Positioned along West 19th Street, a heavily traveled corridor connecting Newport Beach to central Costa Mesa, the property benefits from strong visibility, consistent traffic counts, and immediate access to major thoroughfares including Newport Boulevard and the 55 Freeway. The surrounding area is characterized by a dense and affluent population base, with continued residential and commercial growth fueling demand for retail and service-oriented uses.
The asset is comprised of a diverse tenant mix, offering income stability and reduced rollover risk. The combination of fee simple ownership and leasehold components allows for a favorable basis relative to fully fee simple acquisitions, while also presenting investors with the opportunity to enhance value through lease restructuring, repositioning, or future redevelopment strategies.
Costa Mesa continues to experience strong economic fundamentals driven by its proximity to major employment hubs, coastal amenities, and regional retail destinations such as South Coast Plaza. The city’s pro-business environment and ongoing revitalization efforts further support long-term rent growth and asset appreciation.
This offering is well-suited for investors seeking a stable, income-producing property with embedded upside in a high-barrier-to-entry coastal submarket. The 562–590 W 19th Street asset represents a compelling opportunity to capitalize on both current cash flow and future value creation in one of Southern California’s most desirable investment locations.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Storefront
Building Size
10,500 SF
Building Class
C
Year Built
1988
Price
$8,242,000
Price Per SF
$784.95
Cap Rate
6.30%
NOI
$519,246
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Lot Size
0.57 AC
Zoning
C1 - Local Business District.
Parking
39 Spaces (3.71 Spaces per 1,000 SF Leased)
Frontage
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 422-141-47 | Improvements Assessment | $504,223 |
| Land Assessment | $881,595 | Total Assessment | $1,385,818 |
Property Taxes
Parcel Number
422-141-47
Land Assessment
$881,595
Improvements Assessment
$504,223
Total Assessment
$1,385,818
Contacts
-
Nathan Holthouser -
Maggie Attashian -
Rebecca Canalez -
Tram Church -
Coastal Commercial Inc.
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562-590 W. 19th St - Leasehold & Fee Simple | 570-590 W 19th St
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