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Newport Beach Office Building Sold for Nearly $6.2 Million

Investor Divests The Hangars Building 7 in 1031 Exchange

The property was built in 1972 on nearly eight-tenths of an acre in the Newport Beach office market of Southern California's Orange County. (CoStar)
The property was built in 1972 on nearly eight-tenths of an acre in the Newport Beach office market of Southern California's Orange County. (CoStar)

A private party purchased the office building at 3920 Birch St. in Newport Beach, California, for $6.15 million, or about $473 per square foot, from JRJ Investments.

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