Newport Harbor Medical Plaza

Newport Harbor Medical Plaza 330 Old Newport Blvd
Newport Beach, CA 92663

  • $41,000,000

    Sale Price

  • $1,367

    Sale Price PSF

  • 04/07/2021

    Closing Date

  • 29,991

    Square Feet

  • 100%

    Occupancy

  • Office

    Property Type

Sale Summary

Address

  • 330 Old Newport Blvd
    Newport Beach, CA 92663

Sale Details

  • Sale Price$41,000,000
  • Sale Price PSF$1,367
  • Closing Date4/7/2021
  • Offers Received82

Sale Description

Newmark Private Capital Group is pleased to have represented the seller in the successful disposition of Newport Harbor Medical Plaza, a Class A, 29,991-square-foot medical office building located in Newport Beach across from Hoag Hospital. The sale broke records for both the lowest cap rate and highest price-per-square-foot for a medical office building sale in Orange County. The property was built in 2020 and is 100% leased to USC’s Keck School of Medicine on a long term basis.

Address

  • 330 Old Newport Blvd
    CA 92663

Sale Details

  • Sale Price$41,000,000
  • Sale Price PSF$1,367
  • Closing Date4/7/2021
  • Offers Received82