OWNER / USER OFFICE CONDO FOR SALE
Exclusively Listed by:Rob Rader, President License # 01373045949.500.9391 [email protected]
140 Newport Center Dr., Suite 120 | Newport Beach, CA 92660TopsideRE.com | 949.674.5110
1100 QUAIL STREET, SUITE 203 NEWPORT BEACH, CA
INVESTMENT SUMMARY
FOR SALE | 1100 QUAIL ST., STE 203 | NEWPORT BEACH, CA TOPSIDE REAL ESTATE
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Topside Real Estate is pleased to present for sale a 1,240 square foot office condo in the heart of the Greater Airport Area office market, a highly desirable 159 million square foot office market centrally located in Orange County, California. The location offers excellent access to the 55, 405, and 5 Freeways, and the 73-toll road, making it easy for company principals and employees to get anywhere they need to go in Orange County or adjacent counties.
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• Office Condo for Sale
• Kitchenette Included with Water and Plumbing
• Class B Low Rise Office Space
• Move-In Ready
• Located on Second Floor of 2-Story 22,419 SF Office Building
• Excellent Location in Greater Airport Area Office Market
• Minutes to John Wayne Airport and South Coast Plaza
• Easy Access to 5, 405, 55, & 73
• Situated Near Several Retail Amenities
• Free Parking
• Parking Ratio: 3.9 Stalls per 1,000 SF
• Opportunity for owner-user to leverage low-interest rates
OWNER-USER OPPORTUNITY
AREA OVERVIEW
FOR SALE | 1100 QUAIL ST., STE 203 | NEWPORT BEACH, CA TOPSIDE REAL ESTATE
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The City of Newport Beach is located in the coastal center of Orange County, with Los Angeles County to the north and San Diego County to the south. It has an estimated permanent population of 86,738 but during the summer months, the population grows to more than 100,000 with 20,000 to 100,000 tourists daily.
Newport Beach is known for its fine residential areas, modern shopping facilities, strong business community and quality school system. It surrounds Newport Bay where approximately 4,300 boats of all types are docked within the 21-square-mile harbor area. The bay area and the City’s eight miles of ocean beach offer outstanding fishing, swimming, surfing, and aquatic sports activities.
Hoag Memorial Hospital-Presbyterian James R Glidewell Dental Ceramics Resort at Pelican Hill/Hotel Pacific Investment Management Jazz Semiconductor Fletcher Jones Motor Cars Inc. Conexant Systems, Inc. Mindspeed Technologies Inc. Marriott Hotel Newport Beach Bloomingdales Chipotle Mexican Grill
MAJOR EMPLOYERS:
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FOR SALE | 1100 QUAIL ST., STE 203 | NEWPORT BEACH, CA
INVESTMENT OVERVIEW
IINVESTMENT DETAILS
Property Address 1100 Quail St., Ste. 203, Newport Beach, Ca 92660
Property Type Office Condo
Condo Size 1,240 SF
Building Size 22,419 SF
Lot Size 1.15 Acres
Building Class B
APN 938-941-52
Year Built / Renovated 1973 / 2004
Percent Leased 0%
Tenancy Single or Multiple
Building Height 2 Stories
Parking Ratio 3.9 Stall per 1,000 S
TOPSIDE REAL ESTATE
PRICING
Purchase Price $614,500
Price Per SF $495
AERIAL
FOR SALE | 1100 QUAIL ST., STE 203 | NEWPORT BEACH, CA TOPSIDE REAL ESTATE
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Subject Property1100 Quail Street
PHOTOS
FOR SALE | 1100 QUAIL ST., STE 203 | NEWPORT BEACH, CA TOPSIDE REAL ESTATE
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PHOTOS
FOR SALE | 1100 QUAIL ST., STE 203 | NEWPORT BEACH, CA TOPSIDE REAL ESTATE
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PHOTOS
FOR SALE | 1100 QUAIL ST., STE 203 | NEWPORT BEACH, CA TOPSIDE REAL ESTATE
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SALES COMPS
FOR SALE | 1100 QUAIL ST., STE 203 | NEWPORT BEACH, CA TOPSIDE REAL ESTATE
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Property Address City Year Built SF Sale Date Price/SF Sale Price
20321 Irvine Ave Newport Beach 1989 3,135 3/30/2020 $ 500 $ 1,567,500
4340 Von Karman Ave Newport Beach 1976 2,587 1/31/2020 $ 587 $ 1,518,262
1101-1111 Quail St Newport Beach 1976 2,547 12/7/2019 $ 426 $ 1,085,000
20351 Irvine Ave Newport Beach 1989 1,571 5/28/2019 $ 503 $ 790,500
4340 Von Karman Ave Newport Beach 1976 2,315 5/17/2019 $ 464 $ 1,073,000
9297-9311 Research Dr Irvine 2008 2,617 5/7/2019 $ 497 $ 1,300,000
Average 1986 2,462 $ 496 $ 1,222,377
ON MARKET COMPS
FOR SALE | 1100 QUAIL ST., STE 203 | NEWPORT BEACH, CA TOPSIDE REAL ESTATE
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Address City Year Built Size (SF) Sale Price Price/SF
1100 Dove St. Newport Beach 1975 822 $ 550,000 $ 669
20321 Irvine Ave. Newport Beach 1989 2,070 $ 1,361,700 $ 658
9070 Irvine Center Dr Irvine 2006 1,230 $ 779,900 $ 650
9841 Irvine Center Dr Irvine 2006 2,459 $ 1,204,910 $ 490
23185-23187 La Cadena Dr Laguna Hills 1980 750 $ 359,000 $ 479
6 Liberty Aliso Viejo 1989 2,892 $ 1,301,400 $ 450
2900 Bristol St Costa Mesa 1982 1,221 $ 549,000 $ 450
6 Liberty Aliso Viejo 1989 2,223 $ 995,000 $ 448
4340 Von Karmen Ave Newport Beach 1976 2,587 $ 15,522,000 $ 600
4340 Von Karmen Ave Newport Beach 1976 2,769 $ 1,661,400 $ 600
Average 1987 1,902 $ 2,428,431 $ 549
BENEFITS OF OWNERSHIP
FOR SALE | 1100 QUAIL ST., STE 203 | NEWPORT BEACH, CA TOPSIDE REAL ESTATE
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AppreciationLeverage the down payment for increased returns through potential appreciation.
Very Low InterestToday’s very low interest rates allow for approximately 50% of payments to be applied to the loan principal.
Compare to RentOccupancy costs similar are to rent, so instead, have your business pay the costs of owning the real estate.
ControlControl the image and management of the property for your needs.
Reduce TaxesReduce income tax liability with deductions of interest expense and depreciation. (Confirm with your CPA)
DiversificationStart your commercial real estate portfolio to expand your asset classes
Disclaimer:All information in this offering memorandum has been obtained from sources deemed reliable. However, all information is subject to buyer’s independent verification and Topside Real Estate makes no
representation to the accuracy of anything contained herewith.
For Further Information, Contact:
Rob Rader, President License # 01373045
949.500.9391
140 Newport Center Dr, Suite 120, Newport Beach, CA 92660
Combining over 50 years of experience to serve commercial real estate owners, operators and users with best in class results. Founders, Eric Paulsen & Rob Rader launched Topside Real Estate early 2020 and have since begun to build an incredible team of top-performers who truly go above and beyond for their clients.
