**Owner-User Acquires Newport Beach Medical Offices for $5 Million**
CBRE has facilitated the $5-million sale of a medical office building located at 1419 Superior Ave. in Newport Beach. The 8,935-square-foot property was purchased by a local owner-user. CBRE’s Anthony DeLorenzo, Sammy Cemo, Bryan Johnson, and Harry Su represented the seller, Equity Enterprises LTD.
“Medical office demand has continued to perform exceptionally well with the limited inventory and healthcare expansion occurring in Orange County,” said Cemo. “We sourced multiple offers but ultimately selected an owner-user that benefited from the Hoag proximity and the incredible Newport Beach demographics.”
The property is strategically positioned across from Hoag Newport Beach, a 498-bed acute care hospital. It is zoned for medical office use and is currently 62% leased to four tenants. In addition to its proximity to major healthcare facilities, the location offers access to a variety of retail and lifestyle amenities, including Lido Village, Triangle Square, the Newport Beach Peninsula, and the city’s well-known beaches.
