5001 Birch Street Newport Beach, CA
Single-Story Owner-User Offering in Newport Beach
Marketing description
EXCEPTIONAL MARKET FUNDAMENTALS
—Core Market | Orange County is the top investment market in the Americas in 2025 among investors, reflecting the county’s strong absorption, low vacancy and sustained rent growth. With strong employment and an attractive quality of life, Orange County is a highly sought-after gateway market.
—Low-Rise Office Outperforms | Over the last decade, growth among low-rise office products has been robust, out-pacing highrise products in vacancy compression and rent growth. This trend is expected to continue into the foreseeable future.
—Marquee Location | The asset belongs to the Greater Airport Area (GAA) submarket, home to Orange County’s best tenants. As Orange County’s leading market, the GAA enjoys a significant rent premium over the rest of Orange County. With a marquee name, Irvine has many of the best healthcare tenants from diverse industries. This particular location, next to high-affluent Newport Beach, pulls in most affluent and desirable demographics in the country.
NEWPORT BEACH LOCATION WITH RESORT AMENITIES AND ATTRACTIVE DEMOGRAPHICS
—Urbanized Business Core | The asset is at the center of a dynamic and increasingly urbanized business core, with frontage along a prominent thoroughfare that links to the surrounding pipeline with thousands of new homes and approximately 1 MSF of upscale retail amenities. Irvine is well-known as one of the nation’s most desirable places to live, work and play.
—Greater Airport Area | The asset’s area’s intrinsically irreplaceable location within the Greater Airport Area offers both the priceless cachet of an exclusive Irvine address and centrality within Orange County’s most prestigious and coveted business corridors.
—Multi-Modal Transit Hub | The surrounding multi-modal transit hub offers ease of commute for the region’s workforce, as well as proximity to executive housing. Located next to SR-73, the asset has superb access to SR-55, I-405 and I-5, as well as John Wayne Airport. Such access to critical infrastructure is as important as ever for business success and employee retention.
Investment highlights
SINGLE STORY OWNER-USER OFFERING IN NEWPORT BEACH
—Rare Single-Story Office Building | The offering provides the fee-simple interest in a single-story, ±11,009 SF office building that is ideal for an owner-user.
—Functional Layout | Impressive office finishes with a dense private office buildout perfect for the changing office landscape with preference on private offices vs. open space. The building has multiple exterior entrances allowing for an owner-user needing less than ±11,009 SF to demise down the building as needed.
—Fee-Simple Offering | The offering is fee-simple (building and land) allowing for new ownership to control their own destiny and not be subject to rental rate increases as existing office supply gets demolished throughout the Greater Airport Area and Orange County. Located within the Koll Center, the property benefits from a wide range of nearby amenities and services.
—Bonus Depreciation Advantage | Given the new tax legislation passed July 2025, new ownership has the opportunity to accelerate the depreciation deduction in the first year of ownership, which would provide significant upfront tax savings and improve cash flow. CBRE’s Cost Segregation Analysis estimates that such Year 1 deduction could total as much as $1.4 million with this purchase.
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