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Retail Property At 2183 Fairview Road Sold For $7.2M In Costa Mesa

Property Image
SOLD
$7,200,000
Sammy Cemo
Bryan Johnson
Anthony DeLorenzo
+ 1

California

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Retail43,249 SF
Sold 03/24/2025
the dealplayerscompscontact
Property Image
SOLD

Retail Property At 2183 Fairview Road Sold For $7.2M In Costa Mesa

2183 Fairview Road

See Similar Deals
Retail43,249 SF
Sold 03/24/2025
Sammy Cemo
Bryan Johnson
Anthony DeLorenzo
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$166
Total Square Footage:43,249 SF
Transaction Type:Sale

A private investor acquired Newport Victoria Plaza, a retail property located at 2183 Fairview Road in Costa Mesa. The property spans a total of 43,249 square feet and was sold for $7.2 million, translating to a price per square foot of $166.

Summary of transaction details:

CBRE’s Anthony DeLorenzo, Sammy Cemo, Bryan Johnson, and Harry Su represented the private seller in this transaction, facilitating the deal for the retail property.

Players

Bryan Johnson
CBRE
Bryan Johnson
49 deals$763.9M volume(949) 809-3762
BROKER
Anthony DeLorenzo
CBRE
Anthony DeLorenzo
118 deals$2B volume
BROKER
Sammy Cemo
CBRE
Sammy Cemo
30 deals$478.5M volume
BROKER
HS
CBRE
Harry Su
6 deals$78.2M volume(949) 946-2394
BROKER
PS
Private Seller
SELLER

Details

SOLD
IMAGE: Anthony DeLorenzo, Bryan Johnson, Harry Su & Sammy Cemo DATE: 03/24/2025 ADDRESS: 2183 Fairview Road MARKET: Costa Mesa ASSET TYPE: Retail BROKERS: Anthony DeLorenzo (@AnthonyDelorenzo), Bryan Johnson (@CallMeBryanJ), Harry Su & Sammy Cemo - CBRE (@CBRE) SALE PRICE: $7,200,000 SF: 43,249 ~ PPSF: $166 NOTE: A private investor acquired Newport Victoria Plaza, a 43,249-square-foot office property in Costa Mesa, for $7.2 million ($166 per square foot). CBRE’s Anthony DeLorenzo, Sammy Cemo, Bryan Johnson, and Harry Su represented the private seller in the deal.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$384,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
Annual Debt Service$409,580.08