20280 Acacia StNewport Beach, CA 92660

Property Details for 20280 Acacia St

Property type

Other commercial real estate

APN

439-392-36

APU

43939236

Description

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.

Location Insight

City

Newport Beach

County

Orange

State

California

Latitude

33.6581

Longitude

-117.878

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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