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3/21/25
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An 8.9k sf medical office building was purchased by an owner/user for $5 mil ($560/sf). The building, located at 1419 Superior Ave, east of Hwy 55 and north of Pacific Coast Hwy, was sold by Equity Enterprises LTD.
Situated in a prime location across from Hoag Newport Beach, a 498-bed acute care hospital, the property includes zoning that supports medical office use and is currently 62% leased to four tenants.
In addition to the property's strategic location near major healthcare facilities, it also benefits from a variety of retail and lifestyle amenities, including Lido Village, Triangle Square, Newport Beach Peninsula and the beaches of Newport Beach.
CBRE's Anthony DeLorenzo, Sammy Cemo, Bryan Johnson and Harry Su represented the seller in the transaction.
"Medical Office demand has continued to perform exceptionally well with the limited inventory and healthcare expansion occurring in Orange County," said Cemo. "We sourced multiple offers, but ultimately selected an owner-user that benefited from the Hoag proximity and the incredible Newport Beach demographics."
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