Irvine Spectrum 5 9012 Research Dr 40,135 SF 100% Leased Office Building Irvine, CA 92618 $15,291,606 CAD ($381.00 CAD/SF) 9.55% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy power
- High ceilings permit multiple R&D uses
- Perfect headquarter building
- Ability to install multiple ground level roll up doors
- Freestanding building on 2 parcels with above-standard parking
EXECUTIVE SUMMARY
Seller’s business occupies a portion of the Property and will lease back a portion of the building on short term basis or vacate for an owner/occupier. Ground level doors possible.
-IDEAL OWNER/USER JEWEL BOX OPPORTUNITY
-FREESTANDING BUILDING WITH MULTIPLE INGRESS/EGRESS ONTO RESEARCH DRIVE AND CUSHING.
-FLEXIBILITY TO ADD GROUNDLEVEL ROLL UP DOORS
-ELEVATOR SERVED
-HIGH VISIBILITY RESEARCH DRIVE FRONTAGE
-BELOW REPLACEMENT CONSTRUCTION COST
-CLOSE TO THE NEW LOS OLIVOS MARKETPLACE
-EXCELLENT PROXIMITY TO THE IRVINE SPECTRUM ENTERTAINMENT CENTER
- MINUTES TO JOHN WAYNE AIRPORT
-IDEAL OWNER/USER JEWEL BOX OPPORTUNITY
-FREESTANDING BUILDING WITH MULTIPLE INGRESS/EGRESS ONTO RESEARCH DRIVE AND CUSHING.
-FLEXIBILITY TO ADD GROUNDLEVEL ROLL UP DOORS
-ELEVATOR SERVED
-HIGH VISIBILITY RESEARCH DRIVE FRONTAGE
-BELOW REPLACEMENT CONSTRUCTION COST
-CLOSE TO THE NEW LOS OLIVOS MARKETPLACE
-EXCELLENT PROXIMITY TO THE IRVINE SPECTRUM ENTERTAINMENT CENTER
- MINUTES TO JOHN WAYNE AIRPORT
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
40,135 SF
Building Class
B
Year Built/Renovated
2001/2020
Price
$15,291,606 CAD
Price Per SF
$381.00 CAD
Cap Rate
9.55%
NOI
$1,459,653 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
20,050 SF
Slab To Slab
14’
Building FAR
0.38
Lot Size
2.42 AC
Zoning
5.4 (A) - Industrial, R&D, service, design, Biotech, Laboratory, and office uses.
Parking
180 Spaces (4.5 Spaces per 1,000 SF Leased)
AMENITIES
- Atrium
- Bio-Tech/ Lab Space
- High Ceilings
- Monument Signage
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PROPERTY TAXES
| Parcel Number | 588-191-22 | Improvements Assessment | $8,149,881 CAD |
| Land Assessment | $5,769,310 CAD | Total Assessment | $13,919,191 CAD |
