20301 Acacia StNewport Beach, CA 92660

Property Details for 20301 Acacia St

Year built

1988

Lot size

0.45 AC

Property size (Sq ft)

7,890 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

439-391-25

APU

43939125

Description

This exceptional 1,615 square foot medical office suite is situated within the Acacia Plaza Office building at 20301 SW Acacia St, Newport Beach, CA 92660. The property, a Class B building constructed in 1990, offers a single-tenant occupancy within a larger 8,765 square foot structure. Its prime location in Orange County's Airport Area, specifically the Newport Beach Airport Area submarket, provides unparalleled convenience. Enjoy immediate access to major freeways including the San Diego (I-405), Costa Mesa (SR-55), and Corona Del Mar (SR-73) Freeways, ensuring effortless commutes for both staff and clients. The building's adjacency to the Newport Beach Golf Course offers stunning views, while a wealth of amenities are within easy reach. These include nearby restaurants, health clubs, gyms, and hotels. Furthermore, the property boasts proximity to popular attractions such as Upper Newport Bay, local beaches, Balboa Island, Fashion Island, and South Coast Plaza, enhancing its desirability and appeal. This single-tenant space presents a unique opportunity for medical professionals seeking a well-located, functional, and attractive office environment in a vibrant and convenient area. The total building size is 8,765 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $5,644,464

  6.5%

  $5,210,274

  7%

  $4,838,112

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,998,149

  Geo Method

  $6,998,149

• Alternative Use

  Use

  Valuation

  Residential

  $4,395,062

  Hospitality

  $4,025,852

  Educational

  $3,349,462

  Medical

  $3,464,655

  Retail

  $5,210,274

Location Insight

City

Newport Beach

County

Orange

State

California

Latitude

33.6587

Longitude

-117.879

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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