Retail Property At 2183 Fairview Road Sold For $7.2M In Costa Mesa
2183 Fairview Road
$7,200,000
$166/SF
Building Size
43,249 SF
Asset Type
Retail
Closing
Mar 24, 2025
AI
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:
- Property Type: Retail
- Transaction Amount: $7,200,000
- Address: 2183 Fairview Road
- Market: Costa Mesa
- Square Footage: 43,249
- Price Per Square Foot: $166
- Brokers: Anthony DeLorenzo, Bryan Johnson, Harry Su, Sammy Cemo - CBRE
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
Costa Mesa Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93