Current Use by Public Records
- Office Spaces
Property Details for 2729-2730 Bristol St
- Property type
- Office Spaces
- Property subtype
- Office Units
Description
This exceptional investment opportunity presents a ±118,133 square foot, two-story creative office building located at 2729-2730 Bristol Street in Costa Mesa, California, 92626. The property sits on approximately 0.95 acres and boasts approximately 75 parking stalls. Built in 1986, the building is currently 100% leased to Rume Health, a healthcare management organization with over 50 employees, under a 7-year absolute NNN lease commencing at the close of escrow. This provides a stable, long-term income stream with minimal landlord responsibilities. The asking price is $8,890,000, representing a 5.5% cap rate and a Year 1 NOI of $489,000. The base rent is $2.25 per square foot per month, NNN. Tenant improvements and commissions are already addressed within the lease structure. The property enjoys a prime location with excellent visibility on Bristol Street, close to retail, restaurants, health clubs, and major freeways (55, 405, and 73), offering convenient access to John Wayne Airport and South Coast Plaza. The zoning is 3-COM (Commercial). Rume Health's consistent financial performance and operational stability ensure a reliable tenant. This is an ideal investment for those seeking a secure, high-performing asset in a desirable location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Costa Mesa
- County
- Orange
- State
- California
- Longitude
- -117.889
- Latitude
- 33.6729
