2031 Orchard Ave - Office FOR SALE


Newport Beach, CA 92660- Bayview
$10,355,000 USD
310-491-2019
2031 Orchard Ave, Newport Beach, CA for Sale
$10,355,000 USD
Office - FOR SALE
1/2
null | Request Cap Rate

2031 Orchard Ave
Newport Beach, CA 92660
Bayview


OVERVIEW

NEWMARK, AS EXCLUSIVE ADVISOR, IS PLEASED TO PRESENT THE EXCEPTIONAL GREATER AIRPORT AREA OWNER/USER INVESTMENT OPPORTUNITY TO ACQUIRE THE FEE SIMPLE OWNERSHIP IN 2031 ORCHARD DRIVE (THE PROPERTY), A RARE JEWEL BOX OFFICE BUILDING IN NEWPORT BEACH. 2031 Orchard is a high-quality, fee simple steel-frame low-rise office building at the gateway of Newport Beach and the Irvine Business Complex (IBC). Built in 1988 and renovated in 2022, the two-story, elevator-served property is 24,360 rentable square feet and offers a convenient surface parking ratio of 3.53/1,000 RSF. The coastal market of Newport Beach, with its abundance of executive housing and the “urban” regentrification of the Greater Airport Area, has transformed the immediate area into one of Southern California’s most dynamic live-work-play environments with intrinsic qualities that will fuel its growth and momentum well into the foreseeable future. 2% COOPERATIVE BROKER COMMISSION

FOR SALE DETAILS

PRICE

$10,355,000 USD

PRICE/SF

$450 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Birch Centre I

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

86

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,932 SF

ZONING

-

APN/PARCEL ID

439-351-32

ASK ABOUT THIS PROPERTY

Michael MooreNewmarkMore Info
310-491-2019

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Michael MooreNewmarkMore Info
310-491-2019

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