Updated Apr 15, 2026
Office Building At 206 Riverside Avenue In Newport Beach Sold For $5.3M With Seller's Rep Richard Sarabia
206 Riverside Avenue
$5,300,000
$1,671/SF
Building Size
3,170 SF
Asset Type
Office
Closing
Mar 31, 2026
About this deal
AI
The property involved in the transaction is an office located at 206 Riverside Avenue in Newport Beach. The sale was completed for a price of $5,300,000, with a total square footage of 3,170 and a price per square foot of $1,671.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $5,300,000
- Square Footage: 3,170
- Price per Square Foot: $1,671
- Location: 206 Riverside Avenue, Newport Beach
- Seller's Representative: Richard Sarabia - Sarabia Advisors
Richard Sarabia represented the seller in this transaction, acting on behalf of Sarabia Advisors to facilitate the sale of the office property.
Players
Newport Beach 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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93