Flex Industrial Condo with
3505 Cadillac Ave Bldg N Costa Mesa, CA 92626
For Sale
Contact for pricing
Flex/industrial condo includes an on-site office, interior renovations, and two grade-level loading doors.
Property Size4,730 SF
Price / SF$414.38
Days on Market291
Property Features for 3505 Cadillac Ave Bldg N
General Information
- Standard status
- Active
- Size
- 4,730 SF
- Property subtype
- INDUSTRIAL
Listing Agency:
Newmark
(949) 608-2020
Listed By:
Troy Wooton
(949) 608-2020
Source:
Moodyscre
Added: Oct 8, 2025
Changed: Jul 25
Last Checked: Jul 25 at 12:18PM
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 Newmark
Investment Insights
Based on property information with market context.
This flex/industrial condo offers approximately 4,730 SF total with an additional roughly 1,500 SF office. Interior renovations have been completed, including new restrooms, a kitchen, updated lighting, and new flooring/interior paint. The space is configured with (2) grade-level loading doors and features a 16' ceiling height, with 200 amps and 120/208V 3-phase power noted (3-phase to be verified).
The property is located in the Cambridge Business Park. Reported access includes walking distance to SOCO and convenient access to 405, 55, and 73 freeways. Parking is described as a 3:1 parking ratio, and the location is listed as being in the Costa Mesa Green Zone.
Offered for sale, this condo format provides a combined flex/industrial layout with a dedicated office component and recently updated interior improvements.
The property is located in the Cambridge Business Park. Reported access includes walking distance to SOCO and convenient access to 405, 55, and 73 freeways. Parking is described as a 3:1 parking ratio, and the location is listed as being in the Costa Mesa Green Zone.
Offered for sale, this condo format provides a combined flex/industrial layout with a dedicated office component and recently updated interior improvements.
Key Highlights
- 4,730 SF flex/industrial condo with an attached 1,500 SF office
- Interior renovations completed, including new RRs, kitchen, lighting, flooring, and interior paint
- Two grade‑level (GL) doors and 16' ceiling height
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 | $132.8k | $28.08 |
| − Vacancy | −$5.8k | −$1.24 |
| EGI | $127.0k | $26.84 |
| − OpEx | −$44.4k | −$9.40 |
| NOI | $82.5k | $17.45 |
4,730 SF · lease $28.08/SF/yr · vacancy 4.40% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.18M
$1.03M – $1.38M
NOI $82,533 @ 7.0% cap · market cap 4.21%
Second Best
Office B
$1.12M
$980.3K – $1.31M
NOI $78,426 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,140 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Swiss Wire EDM
Industrial Manufacturer
Goldsheep Clothing
Textile Manufacturer
RUPA T WARD
Marriage Or Relationship Counselor
T A Construction
Construction Company
Counseling Costa Mesa ...
Psychotherapist
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- 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
FAQs
What type of property is this?
Flex space - Flex/industrial condo includes an on-site office, interior renovations, and two grade-level loading doors.
Where is this flex space located?
The property is located at 3505 Cadillac Ave Bldg N Costa Mesa, CA.
What is the asking price?
The asking price for this property is $1,960,000.
What are key features of this property?
This property features: 4,730 SF flex/industrial condo with an attached 1,500 SF office; Interior renovations completed, including new RRs, kitchen, lighting, flooring, and interior paint; Two grade‑level (GL) doors and 16' ceiling height
