MacArthur Corporate Center
Commercial real estate listings in Westminster, CA, US
listing image
listing image
views count 10 Views
Listing was updated on: 10/11/2020
Price: 15000000.00
location icon 17661 Cowan, Irvine, CA 92614, USA
Office for Sale
126922.00 sqft
from October 05, 2020

» 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.

Similar listings nearby
For Sale - Office Building 1101535

8929 Irvine Center Dr #100, Irvine, CA 92618, USA

Price: 3576040.00

SqFt: Inquire -- Office for Sale

listing cover image Will Co-Broke
Harbor Medical Office

2077 Harbor Boulevard, Costa Mesa, CA, US

SqFt: Inquire -- Office for Sale

Harbor Medical Office 1111874

2077 Harbor Boulevard, Costa Mesa, CA, USA

Price: 2900000.00

SqFt: Inquire -- Office for Sale

The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.