Two-Story Office
For Sale
$3,475,000
Pending
2900 Bristol St, Costa Mesa, CA 92626
Medical and professional occupants fill this property in The Waters at Creekside office park in Costa Mesa.
Property Size12,457 SF
Days on Market19
Property Features for 2900 Bristol St
General Information
Standard status
Pending
Size
12,457 SF
Occupancy
100%
Net Operating Income
$225,947
Financials
Cap Rate
6.5%
Gross Income
$309,271
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Stories
2
Building Size
12,457 SF
Tenancy
Multi
Listing Agency:
Marcus & Millichap RE Invest
(949) 419-3200
Listed By:
Greg Bassirpou · License #(S):CA:01365951
(714) 608-3255
Source:
Exprealty
Added: Sep 26
Changed: Oct 13
Last Checked: Oct 12 at 10:24PM
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 RE Invest
Investment Insights
Based on property information with market context.
The 12,457-square-foot office property at The Waters at Creekside is configured across two floors and is fully leased. Its tenant roster includes medical and professional service businesses. A significant anchor occupant is located upstairs, while the ground level has a mix of financial services, insurance, psychology, and therapy users.
The building is in Costa Mesa, immediately beside the State Route 73 and State Route 55 interchange. State Route 55 also connects the property with Interstate 405 and Interstate 5, providing regional route access for employees, clients, and patients.
The building is in Costa Mesa, immediately beside the State Route 73 and State Route 55 interchange. State Route 55 also connects the property with Interstate 405 and Interstate 5, providing regional route access for employees, clients, and patients.
Key Highlights
- 12,457‑square‑foot office building
- Two‑story configuration
- Fully leased to medical and professional users
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$206,544
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,130,880
$4.1M
Cap Rate 7%
$2,950,629
$3.0M
Cap Rate 9%
$2,294,933
$2.3M
Market Conditions
NOI Build-Up for 12,457 SF
Gross rent
$328.9K $26.40/SF
− Vacancy
−$53.5K −$4.29/SF
EGI
$275.4K $22.11/SF
− OpEx
−$68.8K −$5.53/SF
NOI
$206.5K $16.58/SF
Area
Costa Mesa, CA
Vacancy
16.26%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,130,880
Cap Rate 7%
$2,950,629
Cap Rate 9%
$2,294,933
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 authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,592
Businesses Nearby
Explore this area
Business Placement
Demographics for 92626, CA
50,885
Population
20,643
Households
2.5
Avg Household Size
37
Median Age
46%
College-Educated
91%
High-School Grad
9.7 sq mi
ZIP Area
5,246
Density / Sq Mi
$117,627
Median Household Income
$55,920
Median Earnings
$2,520
Median Rent
$1,037,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Medical and professional occupants fill this property in The Waters at Creekside office park in Costa Mesa.
Where is this office building located?
The property is located at 2900 Bristol St 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‑square‑foot office building; Two‑story configuration; Fully leased to medical and professional users
