The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
February 29, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Buchanan Street Partners Buys Newport Beach Office Asset


Buchanan Street Partners purchased a two-building, 42.7k sf office property in Newport Beach for $11.5 mil, or $269/sf. The buildings are located at 1400 and 1420 Bristol Street North, west of Jamboree Rd and adjacent to the 73 Fwy.

Combined, the two buildings are currently 100% leased with below market rents. Buchanan will begin to execute a substantial capital improvement plan to upgrade the exterior of the buildings, enhance the common area spaces, add a shared elevator, improve signage identity, and address any deferred maintenance items.

This investment, given its strong location at the 73 Fwy, proximity to John Wayne Airport, and walkable retail amenities, provides significant optionality with varied business plan alternatives, stated Matt Haugen, Vice President of Buchanan Street Partners.

CBREs Anthony DeLorenzo, Gary Stache, Doug Mack and Bryan Johnson represented the seller in the transaction.

Return to the Archive page





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media