720 Paularino Ave Costa Mesa, CA 92626
Two-story medical/surgical building in Costa Mesa with recent high-end renovations.
Lot size:
0.62 AcresProperty Features for 720 Paularino Ave
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 0.62 Acres
Building Details
- Year built
- 1981
Source:
Elliman
Listing Agent: Jing Chen
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Costa Mesa Medical/Surgical Building
This two-story medical and surgical office building is located in Costa Mesa. The building has been approved for medical and surgical uses. The property underwent renovations in 2022 with high-end materials. The subterranean parking was upgraded to meet the requirements of contemporary medical practices. The building includes elevators, wheelchair accessibility, and parking on the ground level and two sub-ground levels, making it ADA compliant. The property is currently under a sale-leaseback agreement. A long-term tenant, Wave Plastic Surgery & Aesthetic Laser Center and Costa Mesa Surgery Center, occupies 82% of the building under a 5-year NNN lease with two 5-year options and 3% annual increases. The tenant operates five branches in multiple locations. The remaining 18% of leasable space can be owner-occupied or leased to multiple tenants. The building is located near shopping centers such as South Coast Plaza, hotels, hospitals, and John Wayne Airport, with access to freeways.
Location Intelligence
Current Use by Public Records
Ortho-Regenerative Institute
Physician
Alireza Mirzabozorg
Pediatrician
GIAA
Medical Clinic
Wave Plastic Surgery ...
Skin Care Clinic
Dr. Kyoung C. ...
Physician
Similar Places Nearby
Baker Bristol Pet Hospital
Location Insight
- Map
- Local Demand
- City
- Costa Mesa
- County
- Orange
- State
- California
- Longitude
- -117.886628
- Latitude
- 33.682666
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Two-story medical/surgical building in Costa Mesa with recent high-end renovations.
Where is this medical office space located?
The property is located at 720 Paularino Ave Costa Mesa, CA.
What is the asking price?
The asking price for this property is $15,000,000.
What are key features of this property?
This property features: - Only commercial building approved for medical/surgical use for sale in Orange County.; - **Recently renovated in 2022 with high-end materials (over $5 million spent).**; - Sale-leaseback opportunity with a long-term tenant occupying 82% of the building under a 5-year NNN lease with options and annual increases.
