720 Paularino AVE new Save Request In-Person Tour Request Virtual Tour
Costa Mesa,CA 92626
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25060970
HOA Y/N No
Year Built 1981
Lot Size 0.624 Acres
Property Sub-Type Special Purpose
Property Description
Discover this Rare and Exceptional Two-Story Medical and Surgical Office Building nestled in the heart of Costa Mesa! It's the ONLY Commercial Building that has been APPROVED for Medical and Surgical uses for sale on the market in Orange County! The owner spent over 5 million to Completely Renovate the inside and outside in the Year of 2022 using High-End materials. The Subterranean Parking was also Leveled Up to meet the unique requirements of Contemporary Medical Practices. This building features an unparalleled blend of Elegance and Functionality! Each space has been Meticulously Crafted with Designer Touches that elevate Every Corner! Marble Flooring, Custom Designed Walls and Ceilings throughout! The property showcases a range of Modern Amenities as well, such as Elevators, Wheelchair Accessibility, Abundant Free Parking on the Ground Level and Two Sub-Ground Levels, making it fully ADA Compliant! This is a Sale-Leaseback deal which has steady cash flow with the flexibility to occupy or
lease at Market Rent for Maximum Investment Potential. The building currently has the major Long-Term Tenant, signed a 5-Year NNN Lease and two 5-Year Options with 3% Annual Increases. The Tenant is the well-known "Wave Plastic Surgery & Aesthetic Laser Center" and the "Costa Mesa Surgery Center", who occupy 82% of the whole building. Wave owns 5 Branches spreading in San Francisco, West LA, Arcadia, Rowland Heights, and Costa Mesa. The rest of the 18% Leasable Spaces can be either for owner-using or leasing to Multiple Tenants for other business. This building is definitely in a Highly Sought-After Area with close proximity to Major Shopping Centers such as South Coast Plaza, featuring world-class retail, dining, and entertainment. It is also close to Hotels, Hospitals, John Wayne Airport and easy access to Freeways. It truly represents the workstyle of Unmatched Sophistication and Charm!!! OM will be provided upon signing the Confidentiality Agreement. Video link of the building: https://vimeo.com/1064499312/2a2f67a1d9?ts=0&share=copy.
Location
State CA
County Orange
Area C3 - South Coast Metro
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Inside
Exterior
Utilities Available Electricity Available,Electricity Connected,Phone Available,Phone Connected,Sewer Available,Sewer Connected,Water Available,Water Connected
Total Parking Spaces 75
Building
Lot Description Back Yard,Front Yard,Paved,Value In Land,Walkstreet,Yard
Story 3
Water Public
Others
Tax ID 14107129
Security Features Prewired,Security System,Key Card Entry
Acceptable Financing Cash,Cash to New Loan,Conventional,1031 Exchange,Private Financing Available
Listing Terms Cash,Cash to New Loan,Conventional,1031 Exchange,Private Financing Available
Special Listing Condition Standard