Costa Mesa, California, is a prime location for investing in shopping centers, with a strong economy centered around retail, commerce, and light manufacturing. Shopping centers in Costa Mesa offer a unique opportunity for investors to capitalize on the city's diverse demographics and high median household income of $65,830. These properties can represent a range of investments, from small strip centers to large regional malls, each with its own advantages and opportunities. Costa Mesa's amenities, infrastructure, location, education, and geography make it an attractive place to invest in a shopping center. The city is home to the Segerstrom Center for the Arts, South Coast Repertory Theater, and the Los Angeles Chargers training center, which contribute to its economic activity. Additionally, the city's proximity to the Pacific Ocean and its semi-arid climate make it an attractive location for businesses and residents alike. With a population of approximately 110,000, Costa Mesa is a great place for business and travel, with attractions like the Orange County Fair and the Pacific Amphitheatre.
Costa Mesa is home to 3 shopping centers for sale, offering investors a range of options to choose from. The average price per square foot for these properties is $601 USD, with an average size of 45,165 square feet. The largest shopping center available is 134,400 square feet, offering ample space for retailers and customers alike. In addition to shopping centers, Costa Mesa also offers a range of other property types, including restaurants, specialty properties, land, and office properties. Restaurants in Costa Mesa can capitalize on the city's strong economy and diverse demographics, while specialty properties offer unique opportunities for investors. Land in Costa Mesa is scarce, making it a valuable commodity for developers and investors. Office properties in Costa Mesa are in high demand, with many businesses drawn to the city's central location and amenities. Overall, Costa Mesa offers a unique combination of economic activity, amenities, and infrastructure, making it an attractive location for investors and businesses alike.
What is the average cap rate for shopping centers in Costa Mesa?
The average cap rate for shopping centers in Costa Mesa is 5.59%, which is an attractive return on investment for those interested in purchasing one of the 3 available listings in this property type.
