SOLD
Shopoff Realty Sells Newport Beach Office Condos For $1.62M Through A Street Partners
4440 Von Karman Avenue Suite 270 & Suite 340
Office
2,706 SF
2,706 SF
Sold 57 days ago
Summary
Sale
CALIFORNIA
Office
2,706 sqft
The property involved in the transaction is an office asset located at 4440 Von Karman Avenue, specifically consisting of Suite 270 & Suite 340 in Newport Beach. The property was sold by Shopoff Realty Investments to two buyers for a total sale price of $1,624,000. The total square footage of the office space is 2,706 square feet, translating to a price per square foot of $600.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,624,000
- Market: Newport Beach
- Seller: William Shopoff - Shopoff Realty Investments
- Broker: A Street Partners
The brokerage for this sale was handled by A Street Partners, showcasing a growing interest in office ownership despite the challenges posed by the current market conditions. The sale of two office condos within the Waypoint Newport project highlights the demand for office spaces in the Newport Beach area.
Details
SOLD
IMAGE: William Shopoff
DATE: 03/13/2024
ADDRESS: 4440 Von Karman Avenue Suite 270 & Suite 340
MARKET: Newport Beach
ASSET TYPE: Office
SELLER: William Shopoff - Shopoff Realty Investments (@Shopoff_Realty_Investments)
BROKER: A Street Partners (@AStreetPartners)
SALE PRICE: $1,624,000
SF: 2,706 ~ PPSF: $600
NOTE: Shopoff Realty Investments sold two office condos in its Waypoint Newport project at 4440 Von Karman Ave in Koll Center Newport for over $600 per square foot. A Street Partners brokered the sale to two buyers, reflecting rising demand for office ownership amid current market challenges.View on map
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Address4440 Von Karman Avenue Suite 270 & Suite 340
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