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2183 Fairview Road

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

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:

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

Broker

$763.9M

vol

49 deals

Broker
PS
Private SellerSeller

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