20072 SW Birch Street presents the opportunity to acquire a fully occupied medical office investment in Newport Beach, California. The property consists of an approximately 18,143-square-foot, two-story medical office building occupied by 15 medical and healthcare-focused tenants, providing diversified in-place income within a specialized and supply-constrained asset class.
The offering is structured as the sale of the building improvements and leasehold interest under a 40-year ground lease, while ownership of the underlying land remains with the seller. This structure provides investors access to a coastal Orange County medical office asset in one of Southern California's most established healthcare and business markets.
Key investment attributes include 100% occupancy, a reported actual net operating income of $674,342 after ground lease payments, and an actual cap rate of 6.75% based on the asking price of $9,999,000. The ground lease commences at $40,000 per month in Year 1 with annual escalations of 3%.
Located in Newport Beach, the property benefits from proximity to major transportation corridors including State Routes 55 and 73, Interstate 405, MacArthur Boulevard, Jamboree Road, and the surrounding Airport Area office and medical district. The location offers strong accessibility for both patients and healthcare providers throughout Coastal Orange County.