Grace Lane Costa Mesa

Prime Costa Mesa Location – Coastal Orange County Industrial Core Strategically positioned with direct access to the 73, 405, and 55 Freeways, 2990 Grace Lane sits in one of Orange County’s most established and supply-constrained industrial submarkets. The property is minutes from John Wayne Airport, South Coast Plaza, and the Newport Beach / Irvine employment corridors and within easy reach of downtown Los Angeles, the Ports of LA/Long Beach, and the broader Southern California logistics network. Costa Mesa offers multi-modal connectivity via major freeways and a strong, diverse workforce drawn from the surrounding coastal and central Orange County communities. The city’s combination of high-image industrial product, limited new development, and ongoing pressure from residential redevelopment continues to support strong demand and rising values. This is more than a location — it’s a rare and durable strategic advantage in one of Southern California’s most desirable industrial markets.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.