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Local Family Office Acquires 15,200 SF Office Building In Newport Beach For $11.5M

Property Image
SOLD
$11,500,000
Sammy Cemo
Bryan Johnson
Anthony DeLorenzo
+ 1

California

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Office15,200 SF
Sold 05/23/2025
the dealplayerscompscontact
Property Image
SOLD

Local Family Office Acquires 15,200 SF Office Building In Newport Beach For $11.5M

1303 Avocado Avenue

See Similar Deals
Office15,200 SF
Sold 05/23/2025
Sammy Cemo
Bryan Johnson
Anthony DeLorenzo
+ 1
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$756
Total Square Footage:15,200 SF
Transaction Type:Sale

A local family office acquired the office building located at 1303 Avocado Avenue in Newport Beach for a price of $11.5 million. The property spans 15,200 square feet and has a price per square foot of $757.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $11,500,000
  • Square Footage: 15,200
  • Price Per Square Foot: $757
  • Address: 1303 Avocado Avenue
  • Market: Newport Beach
  • Seller: A local private partnership
  • Brokers: Anthony DeLorenzo, Bryan Johnson, Harry Su & Sammy Cemo - CBRE

CBRE's team comprising Anthony DeLorenzo, Sammy Cemo, Bryan Johnson, and Harry Su represented the seller in this transaction, facilitating the sale with their expertise in the Newport Beach market.

Players

Bryan Johnson
CBRE
Bryan Johnson
49 deals$763.9M volume(949) 809-3762
BROKER
Anthony DeLorenzo
CBRE
Anthony DeLorenzo
118 deals$2B volume
BROKER
Sammy Cemo
CBRE
Sammy Cemo
30 deals$478.5M volume
BROKER
HS
CBRE
Harry Su
6 deals$78.2M volume(949) 946-2394
BROKER

Details

SOLD
IMAGE: Anthony DeLorenzo, Bryan Johnson, Harry Su & Sammy Cemo DATE: 05/23/2025 ADDRESS: 1303 Avocado Avenue MARKET: Newport Beach ASSET TYPE: Office BROKERS: Anthony DeLorenzo (@AnthonyDelorenzo), Bryan Johnson (@CallMeBryanJ), Harry Su & Sammy Cemo - CBRE (@CBRE) SALE PRICE: $11,500,000 SF: 15,200 ~ PPSF: $757 NOTE: A local family office bought the 15,200 SF office building at 1303 Avocado Ave. in Newport Beach for $11.5M. CBRE’s Anthony DeLorenzo, Sammy Cemo, Bryan Johnson and Harry Su represented the seller, a local private partnership.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$40,857.09
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