We are pleased to present the opportunity to purchase 471 Old Newport Blvd. Ideally located in Newport Beach, CA this 3 story Class B low rise office building is perfect for an investor looking for a trophy asset or for an owner user who wishes to occupy a portion of the building while generating income from the other tenants. 471 Old Newport Blvd has existing in place rents that are more than 50% below current market on short terms leases offering an investor immense possibilities. This asset offers tremendous upside as a new multi-tenant office project or occupancy by a single tenant/owner user. The irreplaceable location offers close proximity to Hoag Hospital, Fashion Island, Pacific Coast Highway, and all the amenities 17th Street has to offer.
