School & Church Property for Sale or Lease (Development Possible / Flexible Zoning)
Address: 2987 Mesa Verde E, Costa Mesa CA
This is a one of kind opportunity to lease or own for churches and school uses alike.
Zoned: "I&R" with CUP in place for Church and school use (up to 315 students on site).
The Campus includes 6 building structures totalling approx. 18,598 square feet.
The site has a total area of 117,612 square feet (2.70 acres). The land to building ratio is 6.32:1
The Main Sanctuary Church building is approximately 6,800 square feet comprised of a beautiful, large, vaulted, wood ceiling with a large stage and wrap around seating with multiple access points and functionality. A fire place is located in the back corner for smaller intimate church settings.
Seating capacity for the main Sanctuary is approx 300 people. Quality sound equipment and large projection screen can be made available for other church uses.
Many upgrades and renovations have been made including: complete solar power system, fire alarm upgrade/compliance, video surveillance, fully gated facility, painting, landscaping etc...
Existing leases in place generate approx. $38,000 per month which allows for a new owner / operator to keep an income cash flow in place to offset mortgage and ownership costs. The current vacancy leaves a potential for another $20,000+ / month more in rental income! based on NOI the pro-forma CAP rate would be >10% on a $7mm price point
We look forward to engaging in an open discussion with serious buyers, developers and prospective tenants. Please contact Jordan De Meis to initiate discussion and get further details on this unique opportunity: 714-434-4831 ext 14 (office line) or email: jdemeis@swcre.com
This information is confidential and is furnished to Prospective purchasers of the Property described herein. This information is intended solely to assist prospective purchasers in their evaluation of the Property and their consideration of whether to purchase the Property. It is not to be used for any other purpose or made available to any other person without the prior written consent of the Seller of the Property.
All prospective buyers / parties should confer with their own engineering and environmental experts, counsel, accountants, and other advisors with respect to this offering.
This Memorandum was prepared on the basis of information available to the Seller and to Southwest Commercial , the Seller’s exclusive agent in connection with the sale of the Property. This Memorandum Contains pertinent information about the Property and the surrounding area but it does not contain all the information necessary for a complete evaluation of the Property. The projected cash flow and other financial information contained herein are for reference only.
The Seller expressly reserves the right, in its sole discretion, to reject any offer to purchase the Property or to terminate any negotiations with any party at any time, with or without notice. The Seller shall have no legal commitment or obligation to any prospective purchaser unless and until a written Purchase and Sale Agreement has been fully executed and delivered and any and all conditions to the Seller’s obligations there under have been fully satisfied or waived.
Although the information contained in this Memorandum is believed to be accurate and reliable, neither the Seller nor its agent guarantees its accuracy or completeness. Because of the foregoing and because the Property will be sold on an “as is” basis, prospective purchasers should make their own independent assessments, investigations, and projections regarding the Property.
Read MoreThis is a one of kind opportunity to lease or own for churches and school uses alike.
Zoned: "I&R" with CUP in place for Church and school use (up to 315 students on site).
The Campus includes 6 building structures totalling approx. 18,598 square feet.
The site has a total area of 117,612 square feet (2.70 acres). The land to building ratio is 6.32:1
The Main Sanctuary Church building is approximately 6,800 square feet comprised of a beautiful, large, vaulted, wood ceiling with a large stage and wrap around seating with multiple access points and functionality. A fire place is located in the back corner for smaller intimate church settings.
Seating capacity for the main Sanctuary is approx 300 people. Quality sound equipment and large projection screen can be made available for other church uses.
Many upgrades and renovations have been made including: complete solar power system, fire alarm upgrade/compliance, video surveillance, fully gated facility, painting, landscaping etc...
Existing leases in place generate approx. $38,000 per month which allows for a new owner / operator to keep an income cash flow in place to offset mortgage and ownership costs. The current vacancy leaves a potential for another $20,000+ / month more in rental income! based on NOI the pro-forma CAP rate would be >10% on a $7mm price point
We look forward to engaging in an open discussion with serious buyers, developers and prospective tenants. Please contact Jordan De Meis to initiate discussion and get further details on this unique opportunity: 714-434-4831 ext 14 (office line) or email: jdemeis@swcre.com
This information is confidential and is furnished to Prospective purchasers of the Property described herein. This information is intended solely to assist prospective purchasers in their evaluation of the Property and their consideration of whether to purchase the Property. It is not to be used for any other purpose or made available to any other person without the prior written consent of the Seller of the Property.
All prospective buyers / parties should confer with their own engineering and environmental experts, counsel, accountants, and other advisors with respect to this offering.
This Memorandum was prepared on the basis of information available to the Seller and to Southwest Commercial , the Seller’s exclusive agent in connection with the sale of the Property. This Memorandum Contains pertinent information about the Property and the surrounding area but it does not contain all the information necessary for a complete evaluation of the Property. The projected cash flow and other financial information contained herein are for reference only.
The Seller expressly reserves the right, in its sole discretion, to reject any offer to purchase the Property or to terminate any negotiations with any party at any time, with or without notice. The Seller shall have no legal commitment or obligation to any prospective purchaser unless and until a written Purchase and Sale Agreement has been fully executed and delivered and any and all conditions to the Seller’s obligations there under have been fully satisfied or waived.
Although the information contained in this Memorandum is believed to be accurate and reliable, neither the Seller nor its agent guarantees its accuracy or completeness. Because of the foregoing and because the Property will be sold on an “as is” basis, prospective purchasers should make their own independent assessments, investigations, and projections regarding the Property.
