Updated May 12, 2025
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
About this deal
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.
On the Map
$7,200,000
$166/SF
Retail
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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