Property Listing No Longer Available for Sale

3151 Airway Ave, Costa Mesa, CA

Office for Sale - $3,530,000 - 25,614 Sq. Ft.


Property Info

CIMLS#609305
Location
  3151 Airway Ave
  Costa Mesa CA 92626
UpdatedJuly 26th, 2013
TypeOffice
Price$3,530,000
Building25,614 Sq. Ft.

Property Description

The office campus consists of 19 single story buildings with 51 office condominium units, and two 2-story office buildings with a total of 30 office spaces. The campus is divided into 4 separate office clusters each with a highly landscaped exterior and interior including a pond and gated environment. All properties are on a 22 year ground lease owned by a non-profit institution. The Building Owners Association is responsible for the grounds and building maintenance. Within the past four years all properties have received new 40 year roofs. All driveways and parking grounds have completely new asphalt paving. The 64,743 RSF portfolio of property being offered includes both office buildings (23,469 RSF & 15,660 RSF) and 11 single story office condominiums (from 1,387 RSF to 3,334 RSF totaling 25,614 RSF). Properties can be purchased separately, in combination, or as a complete portfolio. The subject offering is for the 11 single story office condos. Seller financing is available.

Location Description:

The subject office condominiums are located within the John Wayne Executive Guild Center which is adjacent to the John Wayne Airport in Costa Mesa, California, with convenient access to Orange County and the 405, 55, and 73 freeways.

Highlights:

>> 11 Single Story Office Condo Units - 25,614 RSF Combined

>> Purchase Individual Unit(s) or Combine with Other Portfolio Assets

>> $3,530,000 ($138 / RSF) - 9 Units Leased - 2 Units Available - Seller Financing Available

>> On Long-Term Ground Lease - Strong Owners Association with Reserves

>> Property in Excellent Condition - Campus Environment - Highly Accessible

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Financials

Sales Info:

>> Commision split: 2.0%


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