2260 University Dr Newport Beach, CA 92660-3319
This exceptional Class A office building, located at 2260 University Dr, Newport Beach, CA 92660, presents a unique owner-user opportunity. The 26,561 square foot, two-story building underwent a complete renovation in 2015, boasting updated mechanical systems and high-end finishes. Situated on a 0.5-acre lot (APN 439-401-07), this property offers a prime location in the heart of Newport Beach, with convenient access to major freeways (55, 73, and 405), upscale dining, and retail amenities. The building features five on-site EV charging stations and ample parking. The permitted zoning is AP. Built in 1983, this meticulously maintained property provides a sophisticated and efficient workspace, ideal for a corporate headquarters. The asking price is $15,495,000 ($583.37/sq ft). Occupancy is available September 1, 2024. This investment offers significant long-term financial benefits in a highly desirable Southern California location. The property's modern design and state-of-the-art features create a professional and inviting atmosphere. Its strategic location ensures easy access to John Wayne Airport and surrounding areas, maximizing convenience and connectivity for employees and clients alike. This is a truly exceptional opportunity to acquire a turnkey, trophy office building in one of the most sought-after areas of Newport Beach.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.