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Newport Commons Suites 3 & 4 2 Office/Medical Condos Offered at $1,005,000 in Menifee, CA
Investment Highlights
- Located along Newport Road with convenient access to Interstate 215.
- Attractive mature landscaping and water features enhance the campus setting.
- Positioned within Menifee's active commercial corridor near shopping and dining.
- Professional office condominium project with established office and medical tenancy.
- Shared second-floor foyer and common area restrooms support efficient operations.
- Flexible ownership opportunity with the potential to combine adjacent units.
Executive Summary
These units benefit from access to a shared second-floor foyer and common area restrooms, providing convenience for employees and visitors. Newport Commons features mature landscaping, water features, and a diverse mix of professional and medical tenants that contribute to a well-established business environment.
Positioned along Newport Road and within close proximity to Interstate 215, the property offers convenient regional access for clients and staff. An existing connection between Suites 3 and 4 creates future flexibility for an owner-user or investor seeking expansion potential through a larger combined office footprint.
Positioned along Newport Road and within close proximity to Interstate 215, the property offers convenient regional access for clients and staff. An existing connection between Suites 3 and 4 creates future flexibility for an owner-user or investor seeking expansion potential through a larger combined office footprint.
Property Facts
| Price | $1,005,000 | Status | Active |
| Price / SF | $392.89 / SF | Number of Properties | 2 |
| Cap Rate | 5.39% | Individually For Sale | 2 |
| Sale Type | Investment | Total Building Size | 2,558 SF |
| Price | $1,005,000 |
| Price / SF | $392.89 / SF |
| Cap Rate | 5.39% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 2,558 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bldg 2
27174 Newport Rd, 2nd Floor - Unit Suite 4, Menifee, CA 92584 |
Office/Medical Condo | 1,345 SF | 2009 | $467,000 - $538,000 |
|
Bldg 2
27174 Newport Rd, 2nd Floor - Unit Suite 3, Menifee, CA 92584 |
Office/Medical Condo | 1,213 SF | 2009 | $467,000 - $538,000 |
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