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 £11,874,943 (£296/SF) 7% Net Initial Yield
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
£11,874,943
Price Per SF
£296
Net Initial Yield
7%
NOI
£831,246
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
20,050 SF
Slab to Slab
14 ft
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 | £4,522,960 |
| Land Assessment | £3,201,808 | Total Assessment | £7,724,768 |
PROPERTY TAXES
Parcel Number
588-191-22
Land Assessment
£3,201,808
Improvements Assessment
£4,522,960
Total Assessment
£7,724,768
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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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