Property Listing No Longer Available for Sale

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
UpdatedDecember 12th, 2018
TypeOffice
Price$8,399,000
Building23,089 Sq. Ft.
Land1.09 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



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