20351 SW Acacia Street Newport Beach, California 92660
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1 20351 SW Acacia Street Newport Beach, California 92660
2 20351 SW ACACIA STREET
3 EXECUTIVE SUMMARY Stream Realty Partners is pleased to present SW Acacia ( The Property ), a one of a kind lease or purchase opportunity located in the heart of Newport Beach, CA. The property is situated on a private lot that is.91 Acres and contains approximately 21,435 rentable square feet of building structure. The highly efficient, one of a kind modern Santa Barbara style Property is two (2) stories, and contains a small garage with room to park five (5) vehicles or alternatively utilize as a storage or recreation area. The Property fronts Acacia Street and is directly across from Newport Beach Golf Course. The property is also within minutes of Fashion Island and South Coast Plaza, Orange County s premier shopping and dining destinations that include a blend of luxury, designer and fashion specialty retailers. The Property provides the following distinct Opportunities: SALE OPPORTUNITY The Property provides an unique opportunity for an owner to acquire a building with strong rental income in place. The entire ground floor is leased to a strong credit tenant thru June 16, The lease is structured in a way that provides optimal flexibility (Landlord termination option) allowing an owner to occupy the entire Property when ready. ASSUMABLE FINANCING Attractive Assumable Financing of $3,200,000 is in place. This short term note has approximately three (3) years left with an interest rate of three and one half percent (3.5%) amortized over forty two (42) months. LEASE OPPORTUNITY The Property can accommodate a tenant anywhere from 10,000 21,435 rentable square feet. There are ample funds available for Tenant Improvements to build the ideal space for today s Newport Beach creative / office / medical user.
4 PROPERTY OVERVIEW ADDRESS: SW Acacia Street, Newport Beach CA TOTAL BUILDING AREA: 21, 435 Rentable/Useable Square Feet TOTAL LAND AREA:.91 Acres WEBSITE: YEAR BUILT: 1990, Remodeled in 2014 NUMBER OF STORIES: Two (2) PARKING: Sixty One (61) Parking Stalls, Five (5) Covered Spaces
5
6 AERIAL
7 FIRST FLOOR
8 SECOND FLOOR
9 NEARBY AMENITIES RESTAURANTS Santa Ana Country Club IRVINE AVE MESA DR A BRISTOL ST SANTA ANA AVE K B C D E F G 1 H I J 2 BRISTOL ST BRISTOL ST L Newport Beach Gold Course SW ACACIA ST 73 ORCHARD DR John Wayne Airport M N O CAMPUS DR 1 BIRCH ST BRISTOL ST P Q R S Y T U MACARTHUR BLVD 2 3 V W X JAMBOREE RD A Acapulco Mexican Restaurant B Inka Grill C Maki Yaki 31 Japanese Grill D Tummy Stuffer E Sweet Basil Pizzeria & Cafe F Del Taco G McDonald s H Kappo Sui Restaurant I Fresca s J Flame Broiler K Subway L Sushi Imari M Carl s Jr N Burger King O El Pollo Loco P Kitayama Q Arnie's Manhattan Restaurant R Benihana Newport Beach S Hokkaido Seafood Buffet T Tapas Restaurant U The Classic Q V Coco s Bakery Restaurant W Starbucks 3 X Y Tacos & Co Bayview Cafe HOTELS BANKS 1 Travelodge Orange County Airport 1 LBS Financial Credit Union 2 Ayres Hotel & Suites 2 US Bank 3 Newport Beach Marriott Bayview 3 Bank of America 4 Radisson 4 Wells Fargo 5 Fairmont Newport Beach 5 Bank of the West
10 AREA OVERVIEW ORANGE COUNTY OVERVIEW Orange County is part of the Greater Los Angeles Area, which includes all of Los Angeles and Orange County and portions of Ventura, Riverside and San Bernardino counties. With a current population of over 16 Million, this region is second only to the New York City Metropolitan Area in terms of population and economic output. Strong infrastructure contributes to Orange County s successful and positive business climate. Centrally located in Southern California, Orange County continues to benefit from a well-diversified economy, high quality labor force, direct access to major airport facilities and a strategic location on the Pacific Rim. This vibrant economic climate, along with the area s tremendous residential durability, established education/recreational and cultural base, provides an extraordinary location for commercial properties. NEWPORT BEACH OVERVIEW Newport Beach is located 50 miles south of Los Angeles and 85 miles north of San Diego on the edge of Orange County. With nearly 22 square miles of ocean and bay, including several islands, the city offers the greatest variety and number of restaurants with water view dining in all of Orange County. Newport Beach features several bustling areas of business. Each area or village has a distinct ambiance and character. From a day of shopping along the Pacific Coast Highway to a night of fine dining on the harbor, each village is as unique as its commerce. With over 14,000 actively licensed in the city, the diversity of the cities retail, restaurant and hotel offerings will satisfy even the most sophisticated tastes. Home to the world-famous recreational area surrounded by one of the busiest small boat harbors in the world, Newport Beach is the ideal setting for balancing business and pleasure.
11 For Further Information On This Exclusive Opportunity, Please Contact Stream Realty Partners at or: BENJAMIN GOTT License #: JOHN POMER License #: KORBIN DULEY License #:
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