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Costa Mesa Courtyards 7 Retail Properties in Costa Mesa, CA
Investment Highlights
- One-of-a-Kind, Costa Mesa Grocery-Anchored Shopping Center – Rare grocery anchored offering west of the 405 Freeway in highly desirable Costa Mesa
- Dominant Newport Boulevard Presence – Over 400 linear feet of frontage along Newport Blvd (±95,600 CPD)
- Strong Historical Occupancy – Fifteen tenants totaling over 77,743 SF (47% of leased GLA) have occupied the property for 10 or more years
- Premier, Core Retail Location – Positioned within a dense 4.1 million SF retail corridor (1.5-mile radius)
- Embedded Upside – Near-term re-tenanting opportunity in the former Buffalo Wild Wings space (DARK, LXD April 2029, ±6,300 SF)
- High Performing Tenancy – National retailers including CVS Pharmacy, BevMo!, and more average $680+ PSF in annual sales
Executive Summary
* One-of-a-Kind, Costa Mesa Grocery-Anchored Shopping Center – Rare grocery anchored offering west of the 405 Freeway in highly desirable Costa Mesa, featuring Grocery Outlet, CVS Pharmacy, BevMo!, and Club Studio, complemented by a curated mix of medical, service, and food-and-beverage tenants.
* Premier, Core Retail Location – Positioned within a dense 4.1 million SF retail corridor (1.5-mile radius), surrounded by top-tier retailers including Trader Joe’s, Raising Cane’s, and Joe & the Juice, with Erewhon and Bear Flag opening soon.
* Dominant Newport Boulevard Presence – Over 400 linear feet of frontage along Newport Blvd (±95,600 CPD), the primary coastal commuter corridor, maximizing visibility and capture from daily pass-by traffic.
* Embedded Upside – Near-term re-tenanting opportunity in the former Buffalo Wild Wings space (DARK, LXD April 2029, ±6,300 SF), combined with mark-to-market potential as 42% of GLA expires within the next four years, balanced by a WALT of 5.9 years and a CAGR of 3.0%.
* Strong Historical Occupancy – Fifteen tenants totaling over 77,743 SF (47% of leased GLA) have occupied the property for 10 or more years, providing a secure and established income foundation.
* High Performing Tenancy – National retailers including CVS Pharmacy, BevMo!, The Coffee Bean, Ike’s Sandwiches, Dunn Edwards, The UPS Store and more average $680+ PSF in annual sales, demonstrating strong tenant productivity across the center.
* Premier, Core Retail Location – Positioned within a dense 4.1 million SF retail corridor (1.5-mile radius), surrounded by top-tier retailers including Trader Joe’s, Raising Cane’s, and Joe & the Juice, with Erewhon and Bear Flag opening soon.
* Dominant Newport Boulevard Presence – Over 400 linear feet of frontage along Newport Blvd (±95,600 CPD), the primary coastal commuter corridor, maximizing visibility and capture from daily pass-by traffic.
* Embedded Upside – Near-term re-tenanting opportunity in the former Buffalo Wild Wings space (DARK, LXD April 2029, ±6,300 SF), combined with mark-to-market potential as 42% of GLA expires within the next four years, balanced by a WALT of 5.9 years and a CAGR of 3.0%.
* Strong Historical Occupancy – Fifteen tenants totaling over 77,743 SF (47% of leased GLA) have occupied the property for 10 or more years, providing a secure and established income foundation.
* High Performing Tenancy – National retailers including CVS Pharmacy, BevMo!, The Coffee Bean, Ike’s Sandwiches, Dunn Edwards, The UPS Store and more average $680+ PSF in annual sales, demonstrating strong tenant productivity across the center.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 216,369 SF |
| Number of Properties | 7 | Total Land Area | 48.71 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 7 |
| Individually For Sale | 0 |
| Total Building Size | 216,369 SF |
| Total Land Area | 48.71 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
C
1835 Newport Blvd, Costa Mesa, CA 92627 |
Retail | 78,492 SF | 1986 | - |
|
B
1835 Newport Blvd, Costa Mesa, CA 92627 |
Retail | 59,752 SF | 1986 | - |
|
D
1835 Newport Blvd, Costa Mesa, CA 92627 |
Retail | 27,510 SF | 1986 | - |
|
A
1835 Newport Blvd, Costa Mesa, CA 92627 |
Retail | 24,847 SF | 1986 | - |
|
E
1835 Newport Blvd, Costa Mesa, CA 92627 |
Retail | 14,758 SF | 1986 | - |
|
F
1835 Newport Blvd, Costa Mesa, CA 92627 |
Retail | 6,300 SF | 1986 | - |
|
G
1835 Newport Blvd, Costa Mesa, CA 92627 |
Retail | 4,710 SF | 1986 | - |
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