320 Superior Avenue, Suite 370, Newport Beach, CA 92663

Type: Medical Office

Square Feet: 1,100

Asking rent: $3.65 Full Service

Available: January 1, 2017

Parking: Free

How to tour: Call to view

Other: All New improvements inside –spec Medical

 

For sale:  $550,000 see terms below:

The Suite is owned by Medical Arts Building LLC which is 3% of the building

The transaction is made to acquire 3% Membership of Medical Arts LLC which entitles the owner to rent the suite from Medical Arts LLC for a set amount. (Its called rent instead of mortgage payment for tax reasons) The rent is used from all members to service the monthly debt which expires in 2032. The sale price of suite has two parts. Part 1 is the outstanding debt on the suite ( as of today 220K) PART 2 is the Payment=Sale Price-(Debt for the suite) which goes to the seller.

The Suite is owned by Medical Arts Building LLC which is 3% of the building