Follow your favorite listings
Get instant alerts when your saved properties are updated
Never miss a deal
Receive new listings that match your saved searches automatically
Something catch your eye?
Keep your team up to date by sharing potential listings
Access secure data
View confidential documents and streamline your due diligence
Enter your email to login or create a free account
Newport Beach Executive Office 6 Upper Newport Plz 17,566 SF Office Building Newport Beach, CA 92660 $4,200,000 ($239.10/SF) 7.21% Cap Rate
INVESTMENT HIGHLIGHTS
- RECENTLY COMPLETED APPRAISAL IN MARCH 2025 AT $4,960,000,HUGE PRICE REDUCTION BELOW APPRAISED VALUE. $760,000 PROFIT FROM DAY ONE OF PURCHASE!
- 22 private offices with individual HVAC systems
- Ample parking and exceptional regional access
- Combined 14,650± SF of upgraded office space, NOI 300,000 PER YEAR
- Executive-level amenities including humidor and wine storage, Outdoor patios, putting greens, and entertainment features
- High-end kitchens and break areas
EXECUTIVE SUMMARY
This is a rare opportunity to acquire a fully improved, turnkey office campus in one of Southern California’s most prestigious business markets, Newport Beach, Orange County. Spanning two adjoining parcels, the property offers 14,650± square feet of premium office space on a 17,556 square foot lot, blending luxury, functionality, and long-term investment potential. Investors here gain instant equity, strong pro forma returns, and ownership in a trophy coastal market that continues to appreciate.
The campus includes a total of 22 private offices, each equipped with individual heating and air conditioning units to ensure comfort and efficiency. Across both buildings, the interiors are extensively upgraded and designed to meet the demands of modern business operations. Features include multiple executive offices, dedicated break rooms, ample storage, and his and hers restrooms. Executive-level touches include a private bathroom, a cigar humidor, and a 240-bottle wine locker.
Both buildings are outfitted with high-end kitchens featuring KitchenAid and Samsung appliances, as well as washer/dryer units. Outdoor patios, putting greens, televisions, and power outlets create excellent spaces for entertaining clients or providing employees with space to relax and recharge.
The location is another major advantage. The property sits adjacent to the 73 Toll Road and only minutes from the 405 Freeway and John Wayne Airport, offering excellent regional access. It is also close to premier shopping centers and a wide range of dining options, from casual eateries to fine dining establishments.
The property is held under a land lease structure with a current monthly lease rate of $18,123. The lease extends through February 2036 and includes extension options, with 3 extensions granted in the past. For investors seeking flexibility, the property can also be purchased as two separate parcels: Parcel 21 for $2,100,000 and Parcel 22 for $2,100,000.
This is a one-of-a-kind opportunity to own a trophy coastal office campus with immediate built-in equity, strong projected returns, and long-term appreciation potential in Newport Beach.
THIS PROPERTY IS ALSO AVAILABLE FOR LEASE. PLEASE REVIEW MY LEASE LISTING. THANKS
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$598,000
|
$34.04
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$240,000
|
$13.66
|
| Effective Gross Income |
$358,000
|
$20.38
|
| Taxes |
$49,800
|
$2.84
|
| Operating Expenses |
$18,000
|
$1.02
|
| Total Expenses |
$67,800
|
$3.86
|
| Net Operating Income |
$290,200
|
$16.52
|
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Atrium
- Controlled Access
- Conferencing Facility
- Courtyard
- Signage
- Skylights
- Reception
- Storage Space
- Air Conditioning
- Balcony
- Smoke Detector
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Exceptional, one-of-a-kind Newport Beach office space available for lease or purchase(see alternate listing info). Conveniently located near major freeways, the 73 Toll Road, John Wayne Airport, and top-tier restaurants, this property offers high-end finishes and unmatched accessibility in one of Orange County’s most desirable commercial corridors. The upper level features approximately 4,162 sq ft with nine private offices and a private outdoor balcony—ideal for meetings, breaks, or casual client gatherings. Tenants have access to the shared kitchen and restrooms on the first floor. Ample storage is included, and exterior signage rights are available. Lease rate is $3.75 per sq ft/month NNN, with tenant-required renter’s insurance and workers’ compensation coverage. The lower level offers approximately 4,250 sq ft, including three private offices and an executive suite outfitted with a 240-bottle wine locker and 60-count cigar humidor, perfect for hosting or impressing clients. This level opens to a fully equipped outdoor entertaining area with TVs, outlets, and a putting green. Shared kitchen and restrooms are located on this floor. Exterior signage is permitted. Lease rate is $3.75 per sq ft/month NNN. The two levels can also be leased together, providing over 8,400 sq ft of premium office space, or purchased as a whole, offering a rare ownership opportunity in Newport Beach. This is a Triple Net (NNN) lease and includes outdoor signage availability for both
Exceptional, one-of-a-kind Newport Beach office space available for lease or purchase(see alternate listing info). Conveniently located near major freeways, the 73 Toll Road, John Wayne Airport, and top-tier restaurants, this property offers high-end finishes and unmatched accessibility in one of Orange County’s most desirable commercial corridors. The upper level features approximately 4,162 sq ft with nine private offices and a private outdoor balcony—ideal for meetings, breaks, or casual client gatherings. Tenants have access to the shared kitchen and restrooms on the first floor. Ample storage is included, and exterior signage rights are available. The lease rate is $3.75 per sq ft/month NNN, with tenant-required renter’s insurance and workers’ compensation coverage. The lower level offers approximately 4,250 sq ft, including three private offices and an executive suite outfitted with a 240-bottle wine locker and 60-count cigar humidor, perfect for hosting or impressing clients. This level opens to a fully equipped outdoor entertaining area with TVs, outlets, and a putting green. Shared kitchen and restrooms are located on this floor. Exterior signage is permitted. Lease rate is $3.75 per sq ft/month NNN. The two levels can also be leased together, providing over 8,400 sq ft of premium office space, or purchased as a whole, offering a rare ownership opportunity in Newport Beach. This is a Triple Net (NNN) lease and includes outdoor signage availability for both
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 7,624 SF | Office | Full Build-Out | Now |
| 2nd Floor | 6,966 SF | Office | Spec Suite | Now |
1st Floor
| Size |
| 7,624 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 6,966 SF |
| Space Use |
| Office |
| Condition |
| Spec Suite |
| Available |
| Now |
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $2,036,491 | |
| Land Assessment | $911,441 | Annual Taxes | $49,800 ($2.84/SF) |
| Improvements Assessment | $1,125,050 | Tax Year | 2025 |
