20151 SW Birch Street, Newport Beach, CA

Office for Sale - $8,900,000 - 23,089 Sq. Ft. on 1.09 acres


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Agent Info

NameAndrew Robben

Property Info

CIMLS #973943
Location20151 SW Birch Street
Newport Beach CA 92660
Last UpdatedNovember 13th, 2018
TypeOffice
Price$8,900,000
Building23,089 Sq. Ft.
Land1.09 acres
DemographicsView data

Contact


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’t just have to stare at the Newport Beach Golf Course, they can walk there or many other facilities catering to the active lifestyle (Upper Newport Bay Nature Reserve, YMCA, Burn Boot Camp, bike trails, etc.), then come back to the building and use the private shower facilities at Birch Plaza. This is the perfect building for the health conscience active tenants.

The property offers an opportunity to bring the rents to market levels upon each roll. The estimated Year 1 NOI is $453,009.


Financials

$669,955 - Y1 Gross Revenue

($216,946) - OpEx

$453,009 - Y1 NOI

Pricing is $385/SF

Replacement Cost: $434/SF

Other Comps: $400-$550/SF


Location & Street View


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