20151 SW Birch Street, Newport Beach, CA
Office for Sale - $8,399,000 - 23,089 Sq. Ft. on 1.09 acres
Property Info
CIMLS# | 973943 |
Location 20151 SW Birch Street Newport Beach CA 92660 | |
Updated | December 12th, 2018 |
Type | Office |
Price | $8,399,000 |
Building | 23,089 Sq. Ft. |
Land | 1.09 acres |
Property Description
Birch Plaza is an excellent opportunity to purchase irreplaceable real estate in Newport Beach. This fee simple office property is situated in the John Wayne Airport Area, just walking distance to the Upper Newport Bay Nature Reserve, equestrian, hiking and biking trails, and beautiful Newport Beach views.
This 23,089 square foot jewel-box office property has not been offered on the market for almost 2 decades, shortly after it was completed in 2000. Birch Plaza's active users don
Financials
$669,955 - Y1 Gross Revenue
($216,946) - OpEx
$453,009 - Y1 NOI
Pricing is $364/SF
Replacement Cost: $434/SF
Other Comps: $400-$550/SF