Jamison Services Sells Mixed-Use Property In Costa Mesa For $24.4 Million With Newmark Brokers

1901 Newport Boulevard is a three-story mixed-use office property located in Costa Mesa, featuring a total square footage of 134,387. The property was sold for $24,400,000, which translates to a price per square foot of $182. The asset is currently 85% occupied and includes infrastructure suitable for medical office use. Additionally, it benefits from AB 2097 parking flexibility and demonstrates strong leasing momentum in the market.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $24,400,000
• Sale Price per Square Foot: $182
• Square Footage: 134,387
• Address: 1901 Newport Boulevard
• Market: Costa Mesa
• Seller: Jaime Lee - Jamison Services
• Brokers: Paul Jones, Ryan Plummer, Brandon White, Kevin Shannon & Ken White - Newmark

Newmark played a pivotal role in facilitating the transaction on behalf of Jamison Services, successfully closing the sale to a private high-net-worth investor. The deal underscores the demand for versatile office properties within prime Orange County submarkets.