Skip To Content

720 Paularino Avenue

Costa Mesa, CA 92626
  • $15,000,000
  • STATUS: Active
  • ON SITE: 60 Days
  • MLS #: CV25060970
UPDATED: 18 min ago
$15,000,000
  • 0
    BEDS
  • 0.62
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1981
County:

School Ratings & Info

Listing Agent(s): Jing Chen of RE/MAX CHAMPIONS (909-949-0605)


Description

Discover this Rare and Exceptional Two-Story Medical and Surgical Office Building nestled in the heart of Costa Mesa! It's the ONLY Commercial Building that has been APPROVED for Medical and Surgical uses for sale on the market in Orange County! The owner spent over 5 million to Completely Renovate the inside and outside in the Year of 2022 using High-End materials. The Subterranean Parking was also Leveled Up to meet the unique requirements of Contemporary Medical Practices. This building features an unparalleled blend of Elegance and Functionality! Each space has been Meticulously Crafted with Designer Touches that elevate Every Corner! Marble Flooring, Custom Designed Walls and Ceilings throughout! The property showcases a range of Modern Amenities as well, such as Elevators, Wheelchair Accessibility, Abundant Free Parking on the Ground Level and Two Sub-Ground Levels, making it fully ADA Compliant! This is a Sale-Leaseback deal which has steady cash flow with the flexibility to occupy orlease at Market Rent for Maximum Investment Potential. The building currently has the major Long-Term Tenant, signed a 5-Year NNN Lease and two 5-Year Options with 3% Annual Increases. The Tenant is the well-known "Wave Plastic Surgery & Aesthetic Laser Center" and the "Costa Mesa Surgery Center", who occupy 82% of the whole building. Wave owns 5 Branches spreading in San Francisco, West LA, Arcadia, Rowland Heights, and Costa Mesa. The rest of the 18% Leasable Spaces can be either for owner-using or leasing to Multiple Tenants for other business. This building is definitely in a Highly Sought-After Area with close proximity to Major Shopping Centers such as South Coast Plaza, featuring world-class retail, dining, and entertainment. It is also close to Hotels, Hospitals, John Wayne Airport and easy access to Freeways. It truly represents the workstyle of Unmatched Sophistication and Charm!!! OM will be provided upon signing the Confidentiality Agreement. Video link of the building: https://vimeo.com/1064499312/2a2f67a1d9?ts=0&share=copy.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-05-20T12:30:14.503. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
www.desertareahomesforsale.com/homes/161673575
Print Image

720 Paularino Avenue Costa Mesa, CA 92626

  • Price: $15,000,000
  • Status: Active
  • On Site: 60 Days
  • Updated: 18 min ago
  • MLS #: CV25060970
0
Beds
0
Baths
0
½ Baths
0.62
Acres
1981
Built
Neighborhood:
C3 - South Coast Metro
County:
Orange
Area:
C3 - South Coast Metro
Property Description
Discover this Rare and Exceptional Two-Story Medical and Surgical Office Building nestled in the heart of Costa Mesa! It's the ONLY Commercial Building that has been APPROVED for Medical and Surgical uses for sale on the market in Orange County! The owner spent over 5 million to Completely Renovate the inside and outside in the Year of 2022 using High-End materials. The Subterranean Parking was also Leveled Up to meet the unique requirements of Contemporary Medical Practices. This building features an unparalleled blend of Elegance and Functionality! Each space has been Meticulously Crafted with Designer Touches that elevate Every Corner! Marble Flooring, Custom Designed Walls and Ceilings throughout! The property showcases a range of Modern Amenities as well, such as Elevators, Wheelchair Accessibility, Abundant Free Parking on the Ground Level and Two Sub-Ground Levels, making it fully ADA Compliant! This is a Sale-Leaseback deal which has steady cash flow with the flexibility to occupy orlease at Market Rent for Maximum Investment Potential. The building currently has the major Long-Term Tenant, signed a 5-Year NNN Lease and two 5-Year Options with 3% Annual Increases. The Tenant is the well-known "Wave Plastic Surgery & Aesthetic Laser Center" and the "Costa Mesa Surgery Center", who occupy 82% of the whole building. Wave owns 5 Branches spreading in San Francisco, West LA, Arcadia, Rowland Heights, and Costa Mesa. The rest of the 18% Leasable Spaces can be either for owner-using or leasing to Multiple Tenants for other business. This building is definitely in a Highly Sought-After Area with close proximity to Major Shopping Centers such as South Coast Plaza, featuring world-class retail, dining, and entertainment. It is also close to Hotels, Hospitals, John Wayne Airport and easy access to Freeways. It truly represents the workstyle of Unmatched Sophistication and Charm!!! OM will be provided upon signing the Confidentiality Agreement. Video link of the building: https://vimeo.com/1064499312/2a2f67a1d9?ts=0&share=copy.
Exterior Features

Entry Level 2 Lot Features Back YardFront YardPavedValue In LandWalkstreetYard Parking Total 75

Interior Features

Building Features Elevator(s)Phone System Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Business Type AppliancesAccountingArts and EntertainmentAdult Family HomeAdministrative and SupportAdvertisingBarber/BeautyCommercialComputerDentalFranchiseHealth ServicesMedicalMixedProfessional/OfficeProfessional ServiceAthleticShowroomWarehouseWholesale Common Interest None Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 ExchangePrivate Financing Available Property Sub Type Special Purpose Security Features PrewiredSecurity SystemKey Card Entry Special Listing Conditions Standard Utilities Electricity AvailableElectricity ConnectedPhone AvailablePhone ConnectedSewer AvailableSewer ConnectedWater AvailableWater Connected Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-05-20T12:30:14.503. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_374107188-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_374107188-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_374107188-2.jpg
Logo
Desert Area Homes For Sale | Premier Properties
78115 Calle Estado #104
La Quinta CA, 92253
Listing Agent(s): Jing Chen of RE/MAX CHAMPIONS (909-949-0605)