Updated Aug 12, 2025
Chamberlain Properties Sells Newport Beach Office For Record PPSF
204 Riverside Avenue
$1,650,000
$1,100/SF
Building Size
1,500 SF
Asset Type
Office
Closing
Oct 16, 2023
About this deal
AI
The property involved in this transaction is an office asset located at 204 Riverside Avenue in Newport Beach. The sale price for this office was recorded at $1,650,000, with a total square footage of 1,500. The price per square foot is calculated at $1,100.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,650,000
- Address: 204 Riverside Avenue
- Market: Newport Beach
- Square Footage: 1,500
- Price per Square Foot: $1,100
- Seller: Chamberlain Properties
- Broker: Richard Sarabia
- Note: Record for office PPSF. Broker represented both buyer and seller.
The transaction was managed by Richard Sarabia, who acted as the broker, representing both the buyer and the seller in this deal. The involvement of Chamberlain Properties as the seller is a key aspect of this transaction.
Players
Market Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93