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2600 Michelson Dr

310,925 SF 88% Leased 4-Star Office Building Irvine, CA 92612 For Sale

Investment Highlights

  • Located in the Heart of the Irvine Business Complex
  • Walkable to Retail, Residential, and Hospitality Amenities at Park Place

Executive Summary

TROPHY, HIGH-RISE IRVINE OFFICE WITH INVESTMENT FLEXIBILITY
* Institutionally Owned, Best-in-Class, High-Rise Office Offering | 2600 Michelson presents a unique opportunity to own a 16-story, 310,925-square-foot trophy office building in Irvine, CA - one of the most desirable investment locations in the country.
* Excellent In-Place Income | The property will produce approximately $34 million of contractual income for current in-place leases. When compared against other recent Orange County office building sales, 2600 Michelson offers significant yield and income.
* Flexible Occupancy | The offering provides an office owner-user the ability to immediately occupy a sizable component of the building between existing vacancy and near-term rollover. This flexibility allows an owner-user to phase into the building as space becomes available.

* Continued Capital Investment | Ownership has invested over $12.2 million into Building renovations since 2018, including common area enhancements, building system upgrades, and high-end tenant improvements.
HIGHLY DESIRABLE INFILL IRVINE LOCATION WITH WORLD-CLASS AMENITIES
* Central Irvine Location | Located in the heart of the Irvine Business Complex (IBC) neighborhood of Orange County, the Property has immediate access to a plethora of the region’s best amenities. Upon construction of the Jamboree Michelson Pedestrian Bridge in 2025, tenants and users will enjoy walkable retail, residential, and hospitality amenities at Park Place, and restaurants such as Houston’s, North Italia, and Puesto, among others. The Property is also proximate to acclaimed shopping centers such as Fashion Island, Trade Market Place, the District, Irvine Spectrum, and the world-famous South Coast Plaza.

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Owner User
Property Type
Office
Building Size
310,925 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1986/2023
Percent Leased
88%
Tenancy
Multiple
Number of Floors
16
Typical Floor Size
19,433 SF
Slab to Slab
11 ft
Building FAR
1.56
Land Acres
4.57 AC
Zoning
IBC Multi-Use - Office
Parking
1,276 Spaces (4.1 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Conferencing Facility
  • Courtyard
  • Fitness Centre
  • Property Manager on Site
  • Restaurant
  • Signage
  • Car Charging Station
  • Natural Light
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 140
  • 2,090 SF
  • Office
  • Full Build-Out
  • Now

Double door entry off ground floor lobby, reception area, conference room with glass front, 1 window offices, storage room, copy area, kitchen and open area.

  • 2nd Fl-Ste 250
  • 9,372 SF
  • Office
  • Full Build-Out
  • Now

Recepation area, 3 private offices, kitchen/break area, storage, and large open area.

  • 7th Fl-Ste 740
  • 2,542 SF
  • Office
  • Spec Suite
  • Now

New creative spec suite – reception with open ceiling, large conference room on the glass, 4 interior offices with glass fronts, open kitchen, open area upgraded lighting throughout.

  • 9th Fl-Ste 920
  • 2,795 SF
  • Office
  • -
  • Now

Two window offices, kitchen and open area.

  • 9th Fl-Ste 930
  • 2,923 SF
  • Office
  • -
  • Now

Reception area, conference room, two window offices, kitchen and open area.

  • 17th Fl-Ste Penthouse
  • 17,521 SF
  • Office
  • Shell Space
  • Now

Penthouse space currently in shell condition with a private balcony and unparalleled panoramic views.

Space Size Space Use Condition Available
1st Fl-Ste 140 2,090 SF Office Full Build-Out Now
2nd Fl-Ste 250 9,372 SF Office Full Build-Out Now
7th Fl-Ste 740 2,542 SF Office Spec Suite Now
9th Fl-Ste 920 2,795 SF Office - Now
9th Fl-Ste 930 2,923 SF Office - Now
17th Fl-Ste Penthouse 17,521 SF Office Shell Space Now

1st Fl-Ste 140

Size
2,090 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 250

Size
9,372 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

7th Fl-Ste 740

Size
2,542 SF
Space Use
Office
Condition
Spec Suite
Available
Now

9th Fl-Ste 920

Size
2,795 SF
Space Use
Office
Condition
-
Available
Now

9th Fl-Ste 930

Size
2,923 SF
Space Use
Office
Condition
-
Available
Now

17th Fl-Ste Penthouse

Size
17,521 SF
Space Use
Office
Condition
Shell Space
Available
Now

1st Fl-Ste 140

Size 2,090 SF
Space Use Office
Condition Full Build-Out
Available Now

Double door entry off ground floor lobby, reception area, conference room with glass front, 1 window offices, storage room, copy area, kitchen and open area.

2nd Fl-Ste 250

Size 9,372 SF
Space Use Office
Condition Full Build-Out
Available Now

Recepation area, 3 private offices, kitchen/break area, storage, and large open area.

7th Fl-Ste 740

Size 2,542 SF
Space Use Office
Condition Spec Suite
Available Now

New creative spec suite – reception with open ceiling, large conference room on the glass, 4 interior offices with glass fronts, open kitchen, open area upgraded lighting throughout.

9th Fl-Ste 920

Size 2,795 SF
Space Use Office
Condition -
Available Now

Two window offices, kitchen and open area.

9th Fl-Ste 930

Size 2,923 SF
Space Use Office
Condition -
Available Now

Reception area, conference room, two window offices, kitchen and open area.

17th Fl-Ste Penthouse

Size 17,521 SF
Space Use Office
Condition Shell Space
Available Now

Penthouse space currently in shell condition with a private balcony and unparalleled panoramic views.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
445-101-18
Land Assessment
£48,308,718 (2023)
Improvements Assessment
£55,644,092 (2023)
Total Assessment
£103,952,810 (2023)
  • Listing ID: 32985262

  • Date on Market: 28/08/2024

  • Last Updated:

  • Address: 2600 Michelson Dr, Irvine, CA 92612

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