20280 Acacia St - Medical FOR SALE


Newport Beach, CA 92660
$13,599,000 USD
949-202-9439
20280 Acacia St, Newport Beach, CA for Sale
$13,599,000 USD
Medical - FOR SALE
1/13
null | Request Cap Rate

20280 Acacia St
Newport Beach, CA 92660


HIGHLIGHTS

  • High Image 3-story elevator served building
  • Opportunity for a medical user to buy an office building for their use at traditional office pricing
  • Building Signage Opportunities Available
  • Dramatic atrium lobby
  • Convenient access to retail, shopping and major freeways

OVERVIEW

Lee and Associates-Newport Beach, as exclusive advisor is pleased to present the opportunity for the first time since construction to acquire the fee simple interest in 20280 Acacia Street, Newport Beach California. Built in 2003 this three (3) story elevator served Class A office building is located in the prestigious city of Newport Beach. 20280 Acacia Street offers close proximity to John Wayne Airport, Fashion Island, Newport Coast as well as world class food and retail, and has convenient access to 405, 73, and 55 Freeways. The property has eight (8) excess parking spaces which has allowed the property to have approximately 7,500 sf of approved medical users in the building. The building’s longest leases are expiring in 2025 with no options, offering the opportunity for a medical user to purchase a building in Newport Beach for their practice with in-place income at non-medical office pricing. Buyer has the opportunity in the future to add a parking structure to make the building 100% medical by adding additional parking stalls

FOR SALE DETAILS

PRICE

$13,599,000 USD

PRICE/SF

$497 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Acacia Atrium

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

109

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

SP7

APN/PARCEL ID

439-392-25

ASK ABOUT THIS PROPERTY

Carter HarringtonLee & Associates - Newport BeachMore Info
949-202-9439

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Carter HarringtonLee & Associates - Newport BeachMore Info
949-202-9439

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.