For Sale
$13,599,000

20280 Acacia StNewport Beach, CA 92660

Prime Medical Office, Newport Beach, CA

Overview

Added:
Dec 11, 2024
Days on market:
115
Exceptional opportunity to acquire a three-story, 27,369 square foot Class A medical office building in prestigious Newport Beach, California. Built in 2003, this elevator-served building boasts 7,500 square feet of approved medical space, with eight excess parking spaces (117 total spaces) and a 57,935 square foot lot. Located near John Wayne Airport, Fashion Island, and major freeways (405, 73, and 55), the property offers convenient access to world-class amenities and retail. The building features a dramatic atrium lobby and signage opportunities. Longest leases expire in 2025, presenting a unique chance for a medical user to purchase a building at non-medical office pricing, with potential for future expansion to 100% medical use by adding a parking structure. The asking price is $13,599,000 ($496.88 per square foot). This is a rare opportunity to own a generational Newport Beach property with in-place income. The building is certified Feng Shui. A 10-year occupancy cost to purchase analysis shows a positive $1.02 per square foot per month, while a 10-year cost to lease analysis shows a negative $2.54 per square foot per month. The property's APN is 439-392-36. Zoning is permitted for office use.

Highlights

  • Medical office opportunity in Newport Beach with existing lease income.
  • Up to 7,500 square feet of medical space available.
  • Generational Newport Beach property offered for sale for the first time.
  • 27,369 square foot, three-story office building.
  • High-image, three-story building with elevator service.
  • Medical user can acquire an office building at traditional office pricing.

Property Details for 20280 Acacia St

Property type
Office properties, Medical offices
Square Feet
27,369 SF
Year Built
2003
Stories
3

Location Insight

City
Newport Beach
County
Orange
State
California
Latitude
33.6581513
Longitude
-117.8784524
20280 Acacia St, Newport Beach, California

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20280 Acacia St
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