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    Costa Mesa Flex Building For Sale Title is generated by Realmo AI

    1690 Scenic Ave, Costa Mesa, CA

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    Flex building on 1.53 acre lot in Costa Mesa.

    Type:INDUSTRIAL
    Property size:
    34,885 SF
    Lot size:
    1.54 Acres
    Price / SF:
    $315/SF
    Added:
    Mar 28, 2024
    Days on Market:
    814
    Last Refresh:
    May 20 at 8:53 pm

    Property Features for 1690 Scenic Ave

    General Information

    Standard status
    Active
    Size
    34,885 SF
    Lot size
    1.54 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Dante Borruso

    Listing agent Dante Borruso

    Listing office Voit Real Estate Services

    Listing date Mar 28, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Voit Real Estate Services

    HighLights

    • Large fenced yard
    • ±19,000 SF office flex building
    • Free standing building on ±1.53 acre lot
    • Benefit from the 14'-24' clear height
    • Equipped with 800 Amps, 277/480V power
    • Features 2 ground level doors, and 1 dock high door

    Overview

    This is a free-standing flex building situated on a 1.53-acre lot. The building features approximately 19,000 square feet of office space. It offers clear heights ranging from 14 to 24 feet. Access is facilitated by two ground-level doors and one dock-high door. The property is equipped with 800 Amps of 277/480V power. A large fenced yard is included.

    Local Financial Insights For Flex RnD

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $979.6k $28.08
    − Vacancy −$43.1k −$1.24
    EGI $936.5k $26.84
    − OpEx −$327.8k −$9.40
    NOI $608.7k $17.45
    34,885 SF · lease $28.08/SF/yr · vacancy 4.40% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $8.70M
    $7.61M – $10.15M (±1% cap)
    NOI $608,705 @ 7.0% cap · market cap 5.53%
    Second Best
    Warehouse
    $7.73M
    $6.76M – $9.01M (±1% cap)
    NOI $540,871 @ 7.0% cap · market cap 4.92%
    Theoretical Best
    Office A
    $11.82M
    $10.34M – $13.78M (±1% cap)
    NOI $827,059 @ 7.0% cap · market cap 7.52%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    True South Renewables ... Production Facility Solarrus Solar Corporation ... Solar Energy Company Power Factors, LLC Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Cancun Fresh Mexican Grill — 18010 Newhope St suite c, Fountain Valley, CA 92708
    • Sapphire Culinary Group — 1570 Corporate Dr Suite D & F, Costa Mesa, CA 92626
    • Sapphire Catering — 1570 Corporate Dr Suite D & F, Costa Mesa, CA 92626
    • Whiskers & Paws — 3303 Harbor Blvd # C8, Costa Mesa, CA 92626
    • Papa K's Mediterranean Kitchen — 3701 S Harbor Blvd STE E, Santa Ana, CA 92704

    Location Insight

    • Map
    • Local Demand
    City
    Costa Mesa
    County
    Orange
    State
    California
    Longitude
    -117.929
    Latitude
    33.6997

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    FAQs

    What type of property is this?
    Flex space - Flex building on 1.53 acre lot in Costa Mesa.
    Where is this flex space located?
    The property is located at 1690 Scenic Ave Costa Mesa, CA.
    What is the asking price?
    The asking price for this property is $11,000,000.
    What are key features of this property?
    This property features: Large fenced yard; ±19,000 SF office flex building; Free standing building on ±1.53 acre lot
    (909) 775-4475 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dante Borruso
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