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20072 SW Birch St
Newport Beach, CA 92660 Bayview

$9,999,000 USD

Medical For Sale • 18,000 SF

Property Details

Property Type Medical
Total Building Size 18,000 SF
Lot Size 2 AC
Building Class B
Year Built 2004
Tenancy Multiple
Zoning SP-7

30 Transit Score

70 Walk Score

                
                    Highlights
                
                                High-quality medical office opportunities in Newport Beach are scarce, making this a difficult-to-replicate asset.
                            
                                15 occupied medical / healthcare suites provide diversified in-place occupancy.
                            
                                6.75% actual cap rate with actual NOI of $674,342 after deduction of ground lease payments.
                            
                                40-year ground lease structure with $40,000/month in Year 1 and 3% annual increases.
                            
                                Buyer acquires the improvements and leasehold interest while Seller retains the underlying land.

Property Flyers

Marketing Brochure/Flyer

Amenities

Signage
Reception

Public Transportation

Commuter Rail	Drive	Walk	Distance
Irvine (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink))	11 min	-	4.4 mi
Tustin (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink))	12 min	-	8.0 mi
Airport	Drive	Walk	Distance
John Wayne/Orange County	5 min	-	2.2 mi
Long Beach (Daugherty Field)	25 min	-	22.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	89
Type:	Surface
Included in Rent:	Yes

Brian Garbutt 949-235-1327 Lee & Associates - Newport Beach

20072 SW Birch St Newport Beach, CA 92660 Bayview