Two-Story Medical Office
2900 Bristol Street, Costa Mesa, CA 92626
Fully leased two-story office building with Class A finishes and a dedicated outpatient medical practice tenant.
Type:Office
Property size:
12,457 SFPrice / SF:
$278/SF- Added:
- Jun 5, 2026
- Days on Market:
- 22
- Last Refresh:
- Jun 20 at 6:30 am
Property Features for 2900 Bristol Street
General Information
- Standard status
- Active
- Size
- 12,457 SF
- Property subtype
- Office
Building Details
- Year Built
- 1982
Listing office Marcus & Millichap - Orange County
Listing date Jun 5, 2026
Source Crexi
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 Marcus & Millichap - Orange County
HighLights
- 12,457 SF, two‑story office building in The Waters at Creekside, built in 1982
- 100% occupied with annual gross rental income of $309,271 and NOI of $225,947
- Class A finishes; second floor fully occupied by an established outpatient medical practice
- Ground floor tenant mix includes financial services, insurance, psychology, and therapy users
- Located at 2900 Bristol Street, Building H in Costa Mesa, CA
- Adjacent to the SR‑73 and SR‑55 interchange, with access to I‑405 and I‑5 via SR‑55
Overview
This two-story office building offers highly upgraded Class A finishes and a configuration designed to support both medical and professional services. The property totals 12,457 square feet and is currently 100 percent occupied. The second floor is fully leased to an established outpatient medical practice, providing an anchor tenant within the building. On the ground floor, a diversified mix of professional and medical-related users includes financial services, insurance, psychology, and therapy tenants.
The building is located at 2900 Bristol Street, Building H, in Costa Mesa, California, within The Waters at Creekside office park. It is positioned immediately adjacent to the interchange of State Route 73 and State Route 55, providing direct connectivity across Orange County and Southern California. Additional regional access is available via State Route 55 to Interstate 405 and Interstate 5, supporting convenient travel for employees, clients, and patients.
For investors or owner-users seeking a stabilized office asset, the property is offered with annual gross rental income of $309,271 and Net Operating Income (NOI) of $225,947. Based on the current offering price, the asset is presented at a 6.50 percent capitalization rate. The tenant mix across floors, combined with the outpatient medical practice presence, creates a practical setup for maintaining occupancy in a professional and healthcare-oriented environment.
The building is located at 2900 Bristol Street, Building H, in Costa Mesa, California, within The Waters at Creekside office park. It is positioned immediately adjacent to the interchange of State Route 73 and State Route 55, providing direct connectivity across Orange County and Southern California. Additional regional access is available via State Route 55 to Interstate 405 and Interstate 5, supporting convenient travel for employees, clients, and patients.
For investors or owner-users seeking a stabilized office asset, the property is offered with annual gross rental income of $309,271 and Net Operating Income (NOI) of $225,947. Based on the current offering price, the asset is presented at a 6.50 percent capitalization rate. The tenant mix across floors, combined with the outpatient medical practice presence, creates a practical setup for maintaining occupancy in a professional and healthcare-oriented environment.
Local Financial Insights For Office B
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 | $328.9k | $26.40 |
| − Vacancy | −$53.5k | −$4.29 |
| EGI | $275.4k | $22.11 |
| − OpEx | −$68.8k | −$5.53 |
| NOI | $206.5k | $16.58 |
12,457 SF · lease $26.40/SF/yr · vacancy 16.26% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.95M
$2.58M – $3.44M
NOI $206,544 @ 7.0% cap · market cap 5.94%
Second Best
Healthcare Medical
$2.84M
$2.49M – $3.32M
NOI $199,113 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$4.22M
$3.69M – $4.92M
NOI $295,333 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Burba Hotel Network
Hotel & Motel
inVibe Labs
Advertising Agency
Sukut Dental
Dental Office
Micro Digital, Inc.
(Bike/Boat/Book/etc) Store
Evara VR
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Costa Mesa
- County
- Orange
- State
- California
- Longitude
- -117.885905
- Latitude
- 33.6752988
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Fully leased two-story office building with Class A finishes and a dedicated outpatient medical practice tenant.
Where is this office building located?
The property is located at 2900 Bristol Street Costa Mesa, CA.
What is the asking price?
The asking price for this property is $3,475,000.
What are key features of this property?
This property features: 12,457 SF, two‑story office building in The Waters at Creekside, built in 1982; 100% occupied with annual gross rental income of $309,271 and NOI of $225,947; Class A finishes; second floor fully occupied by an established outpatient medical practice
