Grocery-Anchored Shopping
For Sale
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2651-2675 Irvine Ave, Costa Mesa, CA 92627
Grocery-anchored shopping center at a signalized intersection, currently 99% leased and anchored by Irvine Ranch Market.
Property Size60,014 SF
Days on Market50
Property Features for 2651-2675 Irvine Ave
General Information
Standard status
Active
Size
60,014 SF
Property subtype
Retail
Occupancy
99%
Net Operating Income
$2,968,731
Building Details
Year Built
1980
Year Renovated
2024
Tenancy
Multi
Listing Agency:
JLL - Irvine (Orange County), California
(310) 694-3180
Listed By:
Gleb Lvovich · License #CA 01385740
Source:
Crexi
Added: Jul 8
Changed: Aug 11
Last Checked: Aug 26 at 10:36AM
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 JLL - Irvine (Orange County), California
Investment Insights
Based on property information with market context.
The Ranch at Newport Bay is a 60,014-square-foot grocery-anchored shopping center, anchored by Irvine Ranch Market. The property is currently 99% leased, designed to serve as a neighborhood retail destination anchored by a specialty grocery operator.
The center is located at the signalized intersection of Irvine Avenue and Mesa Drive on the border of Newport Beach and Costa Mesa. Irvine Avenue traffic is listed at 28,000 VPD, and Mesa Drive traffic is listed at 6,400 VPD.
Ownership has retained JLL for this offering. The remarks indicate embedded lease escalations averaging 3–4% annually and a reported NOI growth profile over a 10-year period based on in-place contractual terms.
The center is located at the signalized intersection of Irvine Avenue and Mesa Drive on the border of Newport Beach and Costa Mesa. Irvine Avenue traffic is listed at 28,000 VPD, and Mesa Drive traffic is listed at 6,400 VPD.
Ownership has retained JLL for this offering. The remarks indicate embedded lease escalations averaging 3–4% annually and a reported NOI growth profile over a 10-year period based on in-place contractual terms.
Key Highlights
- 60,014 SF grocery‑anchored shopping center at the signalized intersection of Irvine Ave (28,000 VPD) and Mesa Dr (6,400 VPD).
- Anchored by Irvine Ranch Market and currently 99% leased.
- Serves the border of Newport Beach and Costa Mesa at a signalized intersection.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,636
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92627, CA
61,764
Population
23,286
Households
2.7
Avg Household Size
36
Median Age
42%
College-Educated
85%
High-School Grad
6.4 sq mi
ZIP Area
9,651
Density / Sq Mi
$105,039
Median Household Income
$49,236
Median Earnings
$2,299
Median Rent
$1,074,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Back Bay Center — 2651-2675 Irvine Ave, Costa Mesa, CA 92627
- Newport Bristol Plaza — 2072-2082 SE Bristol St, Newport Beach, CA 92660
- Upper Newport Plaza — 1550 Bristol St N, Newport Beach, CA 92660
- Del Mar Center — 2590 Newport Blvd Ste. B, Costa Mesa, CA 92627
- Country Club Plaza — 20040 Santa Ana Ave, Costa Mesa, CA 92626
Frequently Asked Questions
What type of property is this?
Shopping center - Grocery-anchored shopping center at a signalized intersection, currently 99% leased and anchored by Irvine Ranch Market.
Where is this shopping center located?
The property is located at 2651-2675 Irvine Ave Costa Mesa, CA.
What are key features of this property?
This property features: 60,014 SF grocery‑anchored shopping center at the signalized intersection of Irvine Ave (28,000 VPD) and Mesa Dr (6,400 VPD).; Anchored by Irvine Ranch Market and currently 99% leased.; Serves the border of Newport Beach and Costa Mesa at a signalized intersection.
