20351 SW Acacia Street | Newport Beach, California | 92660

2 0 351 S W A c ac i a S t r e e t | N e w po r t B e ac h , C al i fornia | 92 660
20351 SW ACACIA STREET
www.streamrealty.com/AcaciaPlace
EXECUTIVE SUMMARY
Stream Realty Partners is pleased to present 20351 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 OPPORTU NITY
The Property is approximately 50% leased to Sterling Casualty Insurance Company
(“Sterling”). Sterling occupies the ground floor of the Property and has a lease thru
June 16, 2017. There is a unique opportunity for an owner user to acquire the property
with strong rental income in place from Sterling. The Sterling lease is also structured
with a termination option (Landlord only), so that an owner user may occupy the entire
Property when ready.
ASSU MABLE FIN ANCIN G
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 (40) years.
LEASE OPPORTU NITY
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.
www.streamrealty.com/AcaciaPlace
PROPERTY OVERVIEW
A D D R E S S : 20351 SW Acacia Street, Newport Beach CA 92660
TOTAL BU I L D I N G AREA: 21, 435 Rentable/Useable Square Feet
TOTAL L A N D A R EA: .91 Acres
W E B S IT E : www.streamrealty.com/AcaciaPlace
YE A R BU I LT : 1990, Remodeled in 2014
N U M BE R O F STORI ES: Two (2)
PAR K IN G : Sixty One (61) Parking Stalls, Five (5) Covered Spaces
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AERIAL
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FIRST FLOOR
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SECOND FLOOR
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NEARBY AMENITIES
R E STAU RA N TS
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TO
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D
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4
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F Del Taco
G McDonald’s
H Kappo Sui Restaurant
2
I Fresca’s
3
J Flame Broiler
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K Subway
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Newport Beach
Gold Course
L Sushi Imari
M Carl’s Jr
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1
N Burger King
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R Benihana Newport Beach
S Hokkaido Seafood Buffet
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Q Arnie's Manhattan Restaurant
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P Kitayama
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SW
AC
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O El Pollo Loco
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ES
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B Inka Grill
E Sweet Basil Pizzeria & Cafe
5
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CA
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Santa Ana
Country Club
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5
D Tummy Stuffer
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John Wayne
Airport
A Acapulco Mexican Restaurant
C Maki Yaki 31 Japanese Grill
HUR BLVD
MACART
1
4
Y
1 Travelodge Orange County Airport
W Starbucks
Y Bayview Cafe
BANKS
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
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V Coco’s Bakery Restaurant
X Tacos & Co
3
HOTELS
T Tapas Restaurant
U The Classic Q
AREA OVERVIEW
ORAN G E CO U N T Y OV ERV IEW
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.
N EW PO RT B E ACH OV ERV IEW
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.
www.streamrealty.com/AcaciaPlace
For Further Information On This Exclusive Opportunity, Please Contact Stream Realty Partners at 949.203.3030 or:
BENJAMIN GOTT
License #: 01724507
[email protected]
JOHN POMER
License #: 01440689
[email protected]
KORBIN DULEY
License #: 01944912
[email protected]