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