1701 Quail St Newport Beach, CA 92660-2728

This exceptional Class A, 24,364 square foot executive office building in Newport Beach, CA, is available for $21,500,000. Built in 2017 on a 1.22-acre lot, this two-story building boasts a prime location, offering unparalleled curb appeal and signage. The property features high-end finishes, an indoor gym with basketball court, lockers, and showers, roll-up doors, and extensive outdoor gathering spaces. Ideal for a corporate headquarters, this owner-user investment provides protection against future rental market uncertainty and rate hikes. The property's low-rise design offers advantages for businesses accommodating re-entry requirements and implementing safety measures. Situated in Orange County's business core, near the SR-73 Freeway, this asset benefits from strong market fundamentals, low vacancy rates, and sustained rent growth. The building is currently vacant, with an occupancy date of April 1, 2022, and offers a unique opportunity to acquire a best-in-market creative office asset in one of the safest real estate markets in the county. The property's location in the Greater Airport Area submarket, a hub for technology and business, ensures a significant rent premium. Newport Beach's desirability as a place to live, work, and play further enhances the property's value. The property's APN is 427-231-03. This turnkey asset requires minimal future capital expenses, making it an attractive investment for discerning buyers.