Newport Beach Turnkey Office
6 Upper Newport Newport Beach, CA 92660
6 Upper Newport, Newport Beach, CA, 92660
$4,960,000
For Sale
$4,960,000
Premium office space in prestigious Newport Beach business location.
Property Size17,556 SF
Price / SF$282.52
Days on Market454
Property Features for 6 Upper Newport
General Information
- Standard status
- Active
- Size
- 17,556 SF
Building Details
- Year Built
- 1980
Listing Agency
LUXRE REALTY, INC.
Listed by
MICHAEL BENTE
Source
Corcoran
Added: Apr 21, 2025 Checked: Mar 16 at 9:09 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LUXRE REALTY, INC.
Investment Insights
Based on property information with market context.
This fully improved, turnkey office campus is located in Newport Beach, Orange County. The property spans two adjoining parcels, offering a combined 14,650 square feet of premium office space on a 17,556 square foot lot. The office campus includes 22 private offices, each with individual heating and air conditioning units. The interiors are extensively upgraded and thoughtfully designed, featuring multiple executive offices, dedicated break rooms, ample storage, and his and hers restrooms. Additional amenities include an executive bathroom, a 60-count humidor cigar area, and a 240-bottle wine locker. The building features full kitchens equipped with high-end appliances, including a KitchenAid refrigerator/freezer, Samsung microwave and oven, range, and washer/dryer. Outdoor patios, putting greens, TVs, and power outlets provide spaces for entertaining or employee relaxation. The property is strategically located adjacent to the 73 Toll Road and minutes from the 405 Freeway and John Wayne Airport, offering accessibility. It is also in close proximity to premier shopping centers and a variety of dining options. The property is held under a land lease structure with a current monthly lease rate of $18,123. The lease term extends through February 2036.
Key Highlights
- Prime Newport Beach location with exceptional access to major transportation routes.
- Turnkey, fully improved office campus with 14,650± SF of upgraded space, ready for immediate occupancy.
- Features 22 private offices, each with individual HVAC units.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $524.6k | $29.88 |
| − Vacancy | −$64.3k | −$3.66 |
| EGI | $460.3k | $26.22 |
| − OpEx | −$115.1k | −$6.55 |
| NOI | $345.2k | $19.66 |
17,556 SF · lease $29.88/SF/yr · vacancy 12.25% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.93M
$4.32M – $5.75M
NOI $345,235 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.90M
$5.16M – $6.88M
NOI $412,770 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Premium office space in prestigious Newport Beach business location.
Where is this office building located?
The property is located at 6 Upper Newport Newport Beach, CA.
What is the asking price?
The asking price for this property is $4,960,000.
What are key features of this property?
This property features: Prime Newport Beach location with exceptional access to major transportation routes.; Turnkey, fully improved office campus with **14,650± SF of upgraded space**, ready for immediate occupancy.; Features 22 private offices, each with individual HVAC units.
