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For Sale: A Trophy Medical Office Campus Investment Opportunity in Newport Beach, California

The Offering

CBRE is pleased to exclusively offer the opportunity to acquire the Newport Heights Medical Campus (the “Property”) located in Newport Beach, California. The trophy campus consists of two brand new, Class A medical buildings totaling 61,953 square feet. Building One, located at 20350 Birch Street, is 20,070 square feet, and Building Two, located at 20360 Birch Street, is 41,883 square feet.

Strategically positioned in one of the most affluent suburbs in Orange County, the Property is 100% leased to a wide array of high-profile doctors, specialized healthcare groups, and a multi-specialty surgery center. Anchoring the Property is University of California Irvine Health (“UC Irvine Health”), a highly accredited and prominent health system which has received awards and recognition on a national scale and currently occupies 100% of Building One, and over 30% of the overall campus. UC Irvine Health (‘Aa2’ Moody’s | ‘AA-’ Standard & Poor’s) is owned and operated by The Regents of the University of California, a public university system in the State of California with 10 campuses and an estimated endowment of $14.571 billion (as of 2017).

The Newport Heights Medical Campus was constructed in 2017 and has attracted first-rate tenants with new lease terms that recently commenced, providing a new owner with an average remaining lease term exceeding 10 years. The Property offers the rare opportunity to invest in a highly coveted market with a stable income stream, growing annually by 3% per year on average.

Investment Highlights

  • Fully-Leased to a Variety of Synergistic Tenants with Significant Term Remaining
  • Anchored by UC Irvine Health
  • Centrally Located in Densely Populated, Affluent Orange County
  • Centralized Among Major Providers
  • Highly Accessible, Amenity Rich Location
  • Significant Improvements by Tenants
  • Healthcare – the United States’ Largest Employer
  • Delivered Free and Clear of Existing Debt

Contact Information

CBRE U.S. Healthcare Capital Markets

Chris Bodnar
+1 303 628 1711
chris.bodnar@cbre.com
CA Lic. 01892501

Lee Asher
+1 404 504 5965
lee.asher@cbre.com

Ryan Lindsley
+1 303 628 1745
ryan.lindsley@cbre.com

CBRE Investment Properties – SoCal

Gary Stache
+1 949 725 8532
gary.stache@cbre.com
CA Lic. 00773736

Anthony DeLorenzo
+1 949 725 8425
anthony.delorenzo@cbre.com
CA Lic. 01706686

CBRE Debt & Structured Finance

Shane Seitz
+1 303 583 2033
shane.seitz@cbre.com

Local Market Expert

Bryan McKenney
Cypress West Partners
+1 949 478 0087
bmckenney@cypresswestpartners.com
CA Lic. 01505792

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