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Melinda Hoag Smith Center for Healthy Living

Off-Market

307 Placentia Avenue, Newport Beach, CA 92663

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  • Property Type Office - Medical Office
  • Property Size 29,256 Sqft
  • Lot Size 1.51 Acre
  • Parking Spaces Avail. 108
  • Parking Ratio 3.70/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1966

Location

  • City Newport Beach, CA
  • Neighborhood West Newport Beach
  • Zip Code 92663
  • Market Orange County

Contacts

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Owner

  • True Owner
  • Registered 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
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Documents

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Sales

  • Purchase Date 11 Jan, 2008
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Newport Beach

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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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 (Sqft) 29,991
View more Newport Beach market trends

Tax

  • Property Tax in 2021-2022 $106,257
  • Market Value $10,099,558
  • Assessed Value $10,099,558

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of Melinda Hoag Smith Center for Healthy Living?

Melinda Hoag Smith Center for Healthy Living totals 29,256 square feet.

When was this property built?

Melinda Hoag Smith Center for Healthy Living was built in 1966.

When was Melinda Hoag Smith Center for Healthy Living last sold?

Melinda Hoag Smith Center for Healthy Living was last sold on 11 Jan, 2008.

What is the property tax for Melinda Hoag Smith Center for Healthy Living?

The property tax for Melinda Hoag Smith Center for Healthy Living in 2021-2022 was $106,257.

What is the market value for Melinda Hoag Smith Center for Healthy Living?

The market value for Melinda Hoag Smith Center for Healthy Living in 2021-2022 was $10,099,558.

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