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Design Plaza - 240 & 270 Newport Center Drive
240 Newport Center Drive, Newport Beach, CA 92660
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- Property Type Retail - Freestanding
- Property Size 47,386 SF
- Lot Size 0.77 Acre
- Property Tenancy Multi-Tenant
- Year Built 1968
False
Location
- City Newport Beach, CA
- Neighborhood Newport Center
- Zip Code 92660
- Market Orange County
Contacts
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Owner
Tenants
Suite Name | Tenant | Leased Space |
Rent Price | Lease Type |
Space Type |
Lease Term |
370 17th Street #5500 | MERRILL, (303) 446-5500 | 23,824 SF | $23/SF/YR | Modified Gross |
General Office |
11/01/2014- N/A |
370 17th Street #6000 |
Morrison & Foerster, (303) 592-1500 |
10,710 SF | $26/SF/YR | Full Service |
General Office |
08/01/2013- 07/31/2023 |
This is a preview. The total list of tenants and suites, along with other lease information, for this property is available on CommercialEdge
Brokers
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Documents
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Sales
Market Trends
Average Actual Rents in Newport Beach
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Asking Rents in Newport Beach Office Market
Office rental rates are based on aggregated data of asking rates.
- 2020 Avg. Asking Rent $38.55
- 2020 Office Vacancy Rate 11.89%
- 2020 Office Completions (SF) 29,991
Tax
- Property Tax in 2021-2022 $44,804
- Market Value* $4,258,484
- Assessed Value $4,258,484
Find more tax info, including assessment history and abatements, on CommercialEdge
*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.
Frequently Asked Questions
What is the total square footage of Design Plaza - 240 & 270 Newport Center Drive?
Design Plaza - 240 & 270 Newport Center Drive totals 47,386 square feet.
When was this property built?
Design Plaza - 240 & 270 Newport Center Drive was built in 1968.
What is the property tax for Design Plaza - 240 & 270 Newport Center Drive?
The property tax for Design Plaza - 240 & 270 Newport Center Drive in 2021-2022 was $44,804.
What is the market value for Design Plaza - 240 & 270 Newport Center Drive?
The market value* for Design Plaza - 240 & 270 Newport Center Drive in 2021-2022 was $4,258,484.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.
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