The Offering 3150 Bear Street (“the asset”) is a rare placemaking opportunity within walking distance to South Coast Plaza, in one of the best real estate markets in the United States. Totaling over six acres of freeway-fronting land, this Property provides new ownership with one of the most exciting and flexible investment opportunities in the Greater Airport Area, with unmatched upside and surrounding live-work-play amenities catering to a modern workforce and luxurious tastes. Investment Highlights EXCEPTIONAL INVESTMENT FLEXIBILITY * Totaling over 6 acres, the asset provides rare assemblage of prime infill land. Bespoke tenant would be well sought-after by today’s tenants improvements for office uses while a re-development initiative could unlock significant upside. INTRINSIC VALUE * The asset has an irreplaceable coastal location in the heart of Orange County, a region with more than 3 million people and a $270 billion economy. The asset’s surrounding demographics are some of the best in Southern California. With ±420 feet of prime freeway frontage, the asset is visible to ±250,000 cars passing through each day. Sitting across from South Coast Plaza, the asset offers priceless signage opportunities. CRITICAL INFRASTRUCTURES AND RENOWNED DESTINATION * Fronting I-405, the asset has immediate access to neighboring I-405/SR-55/SR-73 interchanges, John Wayne Airport and Metrolink stations. Convenient proximity to Long Beach/LAX airport and Ports of Long Beach/Los Angeles, the nation’s #1 trade hub. This unrivaled transportation linkage makes doing business easy. * Situated directly across from world-famous South Coast Plaza, the asset sits at the center of Orange County’s arts and entertainment mecca. This location offers the best, from luxury shopping and five-star dining to award-winning theater and sun-kissed beaches, and more! ZONING AND FUTURE DEVELOPMENT OPPORTUNITIES * 3150 Bear Street is zoned “Administrative Professional,” which is a commercial land use designation that allows for a variety of potential uses as-of-right, including but not limited to office, professional space, medical office, financial services, computer and data processing and art space. The City of Costa Mesa supports the redevelopment of the 3150 Bear Street site into a use that will add economic, social and aesthetic value to the immediate neighborhood and city at large. The current owner successfully obtained the appropriate entitlements to allow for an educational use with specific operational characteristics. * AVAILABLE SCENARIOS: Education Re-Purposing and Potential Housing Development (Multifamily) - Download OM for details!