949-378-7364
4590 MacArthur Blvd, Newport Beach, CA for Sale
Office - FOR SALE
1/17
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4590 MacArthur Blvd
Newport Beach, CA 92660


HIGHLIGHTS

  • NEWPORT BEACH CLASS A OWNER-USER OFFICE OPPORTUNITY
  • EXCEPTIONAL MARKET FUNDAMENTALS
  • UNPARALLELED NEWPORT BEACH LOCATION

OVERVIEW

NEWPORT BEACH CLASS A OWNER-USER OFFICE OPPORTUNITY * MID-RISE OFFICE OFFERING | The property is a 6-story office building sitting in the Koll Center in Newport Beach, CA. The property, consisting of ±127,496 square feet, is an iconic building along MacArthur Boulevard, and presents a rare large occupancy opportunity for an owner-user in the one of the most sought-after cities in the nation. * FLEXIBLE USER OPPORTUNITY | An owner-user could immediately occupy ±61,888 square feet of contiguous space on a portion of the second floor coupled with both the third and fourth floors. The building provides functional floorplans that allow for multi-tenanting in the event an owner-user did not need the full blocks of space. This would help promote gradual growth into the building or create a great opportunity to lease up any unused space. * CONTEMPORARY OFFICE | The building has contemporary office finishes and improvements, including an impressive lobby with a vertical garden and mural, outdoor amenity and recreation space, expansive patios on the second and third floors, good ceiling heights, and exposed ceilings in select floors/suites. * STRONG EXISTING TENANTS | Currently ±51.5% leased, the offering does provide some initial cash flow along with having a great tenant roster including the likes of Wells Fargo, who has been at the project since its inception; ART Health Cancer Center, who recently signed a 10-year lease on the ground floor for a cancer treatment center; and Premier Workspaces, to name a few.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

300

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

M-1-A, Newport Beach

APN/PARCEL ID

445-122-09

ASK ABOUT THIS PROPERTY

Anthony DeLorenzoCBRE, Inc.More Info
949-378-7364

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Anthony DeLorenzoCBRE, Inc.More Info
949-378-7364

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