MacArthur Corporate Center

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Listing was updated on: 10/11/2020

17661 Cowan, Irvine, CA 92614, USA

HIGH IMAGE STABILIZED OFFICE/FLEX INVESTMENT OPPORTUNITY IN IRVINE, CA
» Cash Flow with Upside: Ability to own a high image low rise office building in Irvine that is stabilized yet offers a buyer tremendous upside as the in-place rents are 30% below market.
» Below Market Price PSF: The asking price of $15,500,000 is a price psf of $242 PSF while the average price psf of every office building sold in Irvine over the past year over 20,000 SF is $389 PSF or 38% above MacArthur Corporate Center’s asking price.
» Priced 37% below Industrial/Flex Pricing in Irvine: The Average asking Price for Industrial/Flex buildings in Irvine is $383 PSF.
» Rare Lab Space in Irvine: The building has a 27,000 SF office/lab component which is quite rare in Irvine and there is currently no lab space on the market for lease in the Airport Area despite a demand from tenants for this type of space offering considerable increase in the rent for the lab space at market rent.
» Ability to increase NOI in the short term: Tenant roll over the next three (3) years allows an investor to increase in-place rents over the short term and increase cash flow and value.
» Stable Tenancy: No tenant defaults during the Coronavirus pandemic.