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1870 Harbor Blvd
Costa Mesa, CA 92627
Commerce de détail Propriété À vendre
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Faits saillants de l'investissement
- Irreplaceable, Generational, Southern California Coastal Real Estate
- Leasing Momentum
- Strong Retail Fundamentals
- Dense, Affluent Trade Area, Wide Drawing Radius
- Internet Resistant Tenant Roster
- Below Market Rents/Growth
Résumé de l'annonce
Newmark Pacific Retail Capital Markets is pleased to present the opportunity to acquire Triangle Square,
a 194,241 square foot entertainment center located at the end of the 55 Freeway (96,000 CPD) in Costa
Mesa, California. Triangle Square is located at the entrance to the uber affluent and dense Newport Beach
trade area. Anchored by a very popular 24-Hour Fitness and a 8-screen movie theater, the center boasts
a high-end roster of restaurants and food uses (Casa de Onda, OJI Sushi, Prince Street Pizza, Westwood
Coast, Tavern & Bowl, Café Sevilla, and The Yard House), Time Nightclub, and modern spa user ASPIRE
Salon Studios.
The tenants cater to an affluent and dense trade area with 340,247 people within 5 miles of the center
earning nearly $168,801 annually. The demographics improve even more on the Newport Coast, one of
the most affluent pockets in the country. Nearly 15% of the center has been leased since COVID indicating
robust interest in the center. Rents are more than 12% below market allowing for a new buyer to grow
income by more than over $2.2 million over the next 10 years.
Triangle Square Deal Page: https://platform.reverecre.com/project/bef3acc6-77e1-4b0f-a1d3-60220bc65d3c
a 194,241 square foot entertainment center located at the end of the 55 Freeway (96,000 CPD) in Costa
Mesa, California. Triangle Square is located at the entrance to the uber affluent and dense Newport Beach
trade area. Anchored by a very popular 24-Hour Fitness and a 8-screen movie theater, the center boasts
a high-end roster of restaurants and food uses (Casa de Onda, OJI Sushi, Prince Street Pizza, Westwood
Coast, Tavern & Bowl, Café Sevilla, and The Yard House), Time Nightclub, and modern spa user ASPIRE
Salon Studios.
The tenants cater to an affluent and dense trade area with 340,247 people within 5 miles of the center
earning nearly $168,801 annually. The demographics improve even more on the Newport Coast, one of
the most affluent pockets in the country. Nearly 15% of the center has been leased since COVID indicating
robust interest in the center. Rents are more than 12% below market allowing for a new buyer to grow
income by more than over $2.2 million over the next 10 years.
Triangle Square Deal Page: https://platform.reverecre.com/project/bef3acc6-77e1-4b0f-a1d3-60220bc65d3c
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Boutique
Taille du bâtiment
194 241 pi²
Classe d’immeuble
A
Tarification de LoopNet
4 Étoiles
Année de construction/rénovation
1993/2013
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
2 étages
Coefficient d’occupation des sols de l’immeuble
1,03
Taille du lot
4,33 AC
Zonage
PDC - Développement planifié
Façade
589’ sur Harbor Blvd
Commodités
- Ligne d'autobus
- Lot de coin
- Cour
- Enseigne sur pylône
- Affichage
- Intersection avec signalisation
Impôts fonciers
| Numéro de lot | 424-231-25 | Évaluation des bâtiments | 57 345 942 $ CAD |
| Évaluation du terrain | 30 417 711 $ CAD | Évaluation totale | 87 763 652 $ CAD |
Impôts fonciers
Numéro de lot
424-231-25
Évaluation du terrain
30 417 711 $ CAD
Évaluation des bâtiments
57 345 942 $ CAD
Évaluation totale
87 763 652 $ CAD
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