20072 SW Birch St - Medical FOR SALE


Newport Beach, CA 92660- Bayview
$9,999,000 USD
949-235-1327
20072 SW Birch St, Newport Beach, CA for Sale
$9,999,000 USD
Medical - FOR SALE
1/58
null | 6.75% Cap Rate

20072 SW Birch St
Newport Beach, CA 92660
Bayview


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.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$9,999,000 USD

PRICE/SF

$556 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Optimum Medical

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

89

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

SP-7

APN/PARCEL ID

439-352-29

ASK ABOUT THIS PROPERTY

Brian GarbuttLee & Associates - Newport BeachMore Info
949-235-1327

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Brian GarbuttLee & Associates - Newport BeachMore Info
949-235-1327

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.