Available For Sale - Office

56,000 SF

AVAILABILITY DETAILS

Size
56,000 SF
Price/SF
N/A - Contact for Info
Listing ID
SA504883
Notes
PROPERTY HIGHLIGHTS

• Two 3-Story Office Buildings - Approx. 56,000 SF

• Stabilized Rent Roll

» 95% Leased

» 40 Tenants - Average Size of ±1,400 SF

» Largest Tenant is 6,400 SF

» 79% of the Rent Roll is below market ($2.25 FSG)

» 33% of spaces are near-term roll (prior to EOY 2023)

» Opportunity to increase in place NOI

• Well Maintained Property with On-Site Management

• Newer Roof and HVAC

• Amazing Views of Saddleback Mountains & South Orange County

• Close Proximity to Irvine Spectrum & Other Retail Amenities

• Strategically Located with Immediate Access to All Major Freeways



PROPERTY FEATURES

Land Area ±3.22 Acres - ±140,485 SF

Parking Surface Parking with Limited Tuck-Under Stalls

Parking Ratio 3.5:1,000 SF

• 181 Surface Stalls

• 9 Covered Stalls

• 5 Handicap Stalls

• 195 Total Stalls

Construction Type Steel Frame with Glass Exterior

Stories Three (3) Per Building

Elevator One (1) Per Building

Assessor's Parcel Numbers 588-141-11 and 588-141-12

Signage: Building Top & Monument Signage

Zoning: Mixed Use (262.31

Year Built: 1984

Restrooms: Six (6) Sets of Restrooms

HVAC: Four (Two per Building) 40-Ton Units Installed in August 2013

Roof: Replaced July 2014 (Both Buildings)

Fire Sprinklers: Yes
Uses
Office

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Dave Smith, Lee & Associates
BRE# 01195186