Costa Mesa Flex Building For
1690 Scenic Ave, Costa Mesa, CA
For Sale
Contact for pricing
Flex building on 1.53 acre lot in Costa Mesa.
Property Size34,885 SF
Lot Size1.54 Acres
Price / SF$305
Days on Market957
Property Features for 1690 Scenic Ave
General Information
Standard status
Size
Lot size
Property subtype
Lease Type
Properties For Sale
at 1690 Scenic Ave
1690 Scenic Ave
AVAILABLE, Now
Size
34,885 SF
Type
INDUSTRIAL
Lease Type
NNN
Sublease
No
Free Standing Building on ±1.53 Acre Lot
Flex Building w/ ±19,000 SF office
14'-24' Clear Height
2 Ground Level Doors, 1 Dock High Door
800 Amps, 277/480V Power
Large Fenced Yard
Contact us
Listing Agency:
Voit Real Estate Services
(909) 545-8000
Listed By:
Dante Borruso · License #CA 02086368
(909) 775-4475
Source:
Moodyscre
Added: Mar 28, 2024
Changed: Nov 6
Last Checked: Nov 8 at 6:23AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Large fenced yard
- ±19,000 SF office flex building
- Free standing building on ±1.53 acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$608,705
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,174,100
$12.2M
Cap Rate 7%
$8,695,786
$8.7M
Cap Rate 9%
$6,763,389
$6.8M
Market Conditions
NOI Build-Up for 34,885 SF
Gross rent
$979.6K $28.08/SF
− Vacancy
−$43.1K −$1.24/SF
EGI
$936.5K $26.84/SF
− OpEx
−$327.8K −$9.40/SF
NOI
$608.7K $17.45/SF
Area
Costa Mesa, CA
Vacancy
4.40%
Lease Rate
$28.08 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,174,100
Cap Rate 7%
$8,695,786
Cap Rate 9%
$6,763,389
Alternative Uses
Best Use
Flex RnD
$8.70M
$7.61M – $10.15M
NOI $608,705 @ 7.0% cap · market cap 5.72%
Second Best
Warehouse
$7.73M
$6.76M – $9.01M
NOI $540,871 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$11.82M
$10.34M – $13.78M
NOI $827,059 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,869
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Orange County, CA
Properties on Market for Flex space in Orange County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- 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
- 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
- Cancun Fresh Mexican Grill — 18010 Newhope St suite c, Fountain Valley, CA 92708
Frequently Asked Questions
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 $10,639,925.
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
