Updated Sep 9, 2026
Granite Properties Sells 346,300 Square Foot Office At 100 Bayview Circle Newport Beach
100 Bayview Circle
Building Size
346,300 SF
Asset Type
Office
Closing
Sep 2, 2026
About this deal
AI
Granite Properties sold its Class A office property located at 100 Bayview Circle in Newport Beach, CA, which boasts a total square footage of 346,300. This six-story, two-building property was 88% leased to 36 tenants.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Undisclosed
- Address: 100 Bayview Circle
- Market: Newport Beach, CA
- Asset Size: 346,300 SF
- Seller: Will Hendrickson - Granite Properties
- Broker Representatives: Kevin Shannon, Paul Jones, Ken White & Brandon White - Newmark
- Mortgage Brokers: Jonathan Firestone & Blake Thompson - Newmark
Newmark played a key role in advising Granite Properties on both the sale and financing of the property, facilitating the transaction between Granite and a private investor.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93