Irvine Spectrum 5 | 9012 Research Dr
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Irvine Spectrum 5 9012 Research Dr
40,135 SF 100% Leased Office Building Irvine, CA 92618 $21,141,312 CAD ($527 CAD/SF) 7% 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 the second floor and can either lease back or vacate the property entirely 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
$21,141,312 CAD
Price Per SF
$527 CAD
Cap Rate
7%
NOI
$1,479,892 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
20,050 SF
Slab To Slab
14’
Building FAR
0.38
Land Acres
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 | $8,051,913 CAD |
| Land Assessment | $5,699,956 CAD | Total Assessment | $13,751,869 CAD |
PROPERTY TAXES
Parcel Number
588-191-22
Land Assessment
$5,699,956 CAD
Improvements Assessment
$8,051,913 CAD
Total Assessment
$13,751,869 CAD
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Stefan Rogers -
Chris Deason -
Voit Real Estate Services
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Irvine Spectrum 5 | 9012 Research Dr
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