7 Upper Newport Plaza

Stream Southern California
Landlord Representation Marketing
Closed on the sale of 7 Upper Newport 62 days after listing it.
  • Situation

    • Building was 100% leased when the tenant on ground floor placed space available for sublease.
    • Identified their need to vacate as an opportunity to sell the building to an owner user.
  • Action

    • Branded the building and emphasized creative lobby renovations within marketing collateral.
    • Created an occupancy cost analysis to educate buyers on the terms and economics of the ground lease.
    • Canvased market, calling on tenants with target square footage, talked to brokers, attended every tour.


  • Negotiated Lease Amendment for ground floor tenant lease to terminate within 60 days of close of escrow.
  • Successfully sold building within 2 months for $1,270,000.
Next Project

555 Park Center