Grace Lane Costa Mesa

Investment Overview

SVN Commercial Real Estate Advisors is pleased to present for sale this 100% Leased Net Investment offering fee simple ownership of 2990 Grace Lane in Costa Mesa, CA This high-image, freestanding industrial building totals approximately 15,000 square feet on a ±0.80-acre parcel in a well-established Costa Mesa industrial area with convenient access to the 73, 405, and 55 Freeways. The property is zoned Industrial MG and features an open-plan ±3,000 SF office/reception area, 15’ minimum warehouse clear height, four ground-level doors, 1,000 amps of 277/480-volt power, a gated concrete/asphalt yard, and ample parking (approximately 45 stalls). The asset has undergone recent renovations that elevate its condition and functionality. Improvements include new interior and exterior paint, updated lighting, rehabilitated asphalt yard and parking lot, new black foil scrim (radiant barrier) on the warehouse ceiling, acrylic flake epoxy flooring, an open-concept office/reception area, and renovated restrooms. These upgrades create a clean, high-image industrial space well-suited for a variety of users. The property is 100% leased to Eagle Mountain Event Centers LLC under a Standard Industrial/Commercial Single-Tenant Net Lease. The current term runs through April 1, 2031, with one 36-month option to extend at market rent. The tenant utilizes the premises primarily for vehicle storage and private events. Occupancy is light and concentrated on weekends, with the property rarely utilized during the week—resulting in minimal wear and tear while generating reliable income. This is a rare find in Costa Mesa—a locale defined by strong industrial demand, virtually no new industrial development, and ongoing reductions in industrial inventory as properties are redeveloped for residential use. True freestanding industrial buildings of this quality and size are increasingly scarce, making this a gemstone in a diamond market. Beyond the current lease, the property is ideally suited as an owner/user building, offering an exceptional long-term opportunity for a user seeking high-image, functional space in one of Orange County’s most constrained industrial submarkets. This turnkey, income-producing asset is ideally suited for investors seeking a well-located, recently improved, low-intensity single-tenant industrial investment in coastal Orange County with immediate cash flow and compelling upside potential at option, renewal, or conversion to owner-user occupancy.

Investment Highlights

• 100% Leased Net Investment – Single tenant net lease to Eagle Mountain Event Centers LLC through April 2031 with a 3 year option at market rent, delivering predictable cash flow and full expense passthrough.
• Rare Costa Mesa Industrial Opportunity—A freestanding ±15,000 SF building in a submarket defined by strong demand, virtually no new industrial development, and ongoing inventory reductions from residential redevelopment—a true gemstone in a diamond market.
• Recently Renovated HighImage Building—Upgrades include new interior and exterior paint, lighting, rehabilitated asphalt yard and parking, black foil scrim radiant barrier, acrylic flake epoxy flooring, openconcept office/reception, and renovated restrooms.
• Low Intensity Occupancy—The tenant primarily uses the property for vehicle storage and private events on weekends, with minimal weekday activity, resulting in limited wear and tear on the asset.
• Ideal Owner/User Building Post-Lease – Functional layout, strong power, clear height, ground-level doors, and gated yard position the property as an exceptional owner/user facility after the current lease term in one of Orange County’s most supply-constrained industrial locations.