3388
3388 Via Lido,
Newport Beach, CA 92663
Property Prospectus for 3388 Via Lido
$50,000,000
Offering Price
30.41
GRM
$8,333,333
Price Per Unit
6
Number of Units
2.17%
Cap Rate
21,279
Building SF
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$50,000,000
Offering Price
30.41
GRM
$8,333,333
Price Per Unit
6
Number of Units
2.17%
Cap Rate
21,279
Building SF
3388 Via Lido is an office and residential building located on Newport Bay. The property features ocean/bay views. The first 2 floors are retail and office. The upper 3 floors are residential with the unobstructed views of Newport Harbor.
Description
The high-profile property at 3388 Via Lido in Newport Beach, California originally was the Newport Balboa Savings Bank that Wieland transformed into a mixed use luxury residential and retail building with the addition of yacht docks. The updated building includes a new transparent exterior skin that enhances the visual connection with its setting on Newport Bay. Balconies and outdoor terraces were expanded for the residential units on the top of the building and floor to ceiling glass on every floor provides maximum views and daylight. All building systems were brought up to date with state-of-the-are energy efficiencies. The upper 3 floors are residential with the unobstructed views of Newport Harbor.
About the Architect
Shubin & Donaldson Architects ShubinDonaldson cultivates a disciplined creative work environment that rewards rigor, creativity, and integrity. ShubinDonaldson (SD) was founded in 1991 by Robin Donaldson, AIA and Russell Shubin, AIA with a shared vision to provide architectural services for discriminating, ambitious clients who appreciate quality design. Mark Hershman joined SD in 2000 and has been elevated to partner in 2017.
FOR MORE DETAILS CONTACT
Jerry Henberger
President
(949) 874-7126
Jerry@HRECommercial.com
01332379
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