Property Listing No Longer Available for Sale

3151 Airway Avenue, Costa Mesa, CA

Office for Sale - $6,655,000 - 64,743 Sq. Ft.


Property Info

CIMLS#587251
Location
  3151 Airway Avenue
  Costa Mesa CA 92626
UpdatedJuly 26th, 2013
TypeOffice
Price$6,655,000
Building64,743 Sq. Ft.

Property Description

The John Wayne Executive Guild Center campus is divided into 4 separate office clusters each magnificently landscaped and adjacent to miniature waterfalls, streams and a reflecting pond in a gated environment. All parcels are on a long-term ground lease owned by a well established non-profit institutional investor. Over 22 years remain on the original lease. The project Owners Association is responsible for the grounds, waterscapes, 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). The Portfolio offers an investor 95% +/- occupancy, a well diversified tenant base, a professionally managed owners association, and property that has been meticulously maintained by an experienced on-site property manager. Seller financing is available.

Location Description:

The John Wayne Executive Guild is located adjacent to the John Wayne Airport in Costa Mesa, Orange County, California, with convenient access to the 405, 55, and 73 freeways. 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 suites.

Highlights:

>> 64,743 RSF Office & Condo Portfolio .. Diversified Tenant Base

>> 2 Two-Story Office Buildings .. 11 Single-Story Office Condos

>> Rising Occupancy with 95%+/- Leased .. Seller Financing Available

>> Long-Term Ground Lease Ownership .. Highly Sound Owners Association

>> Campus Atmosphere .. Meticulously Maintained .. Quality Condition

* Email for additional photos


Financials

Sales Info:

>> Commision split: 2.0%


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