Irvine Freestanding Office
For Sale
Contact for pricing
72 Corporate Park, Irvine, CA
Freestanding office building in a prestigious Irvine location.
Property Size33,273 SF
Lot Size1.90 Acres
Price / SF$315.57
Days on Market550
Property Features for 72 Corporate Park
General Information
Standard status
Active
Size
33,273 SF
Lot size
1.90 Acres
Property subtype
OFFICE
Properties For Sale
at 72 Corporate Park Contact us- Size
- 33,273 SF
- Type
- OFFICE
- Availability
- AVAILABLE, Now
- Sublease
- No
72 Corporate Park
Rare freestanding, high-quality office building offering maximum control, privacy,...
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Listing Agency:
CTH Commercial Real Estate
(949) 689-6321
Listed By:
Travis Haining
(949) 689-6321
Source:
Moodyscre
Added: Feb 27, 2025
Changed: Aug 8
Last Checked: Jul 26 at 10:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CTH Commercial Real Estate
Investment Insights
Based on property information with market context.
This freestanding office building is situated in a prominent location within a prestigious office environment in Orange County. The property has been occupied since 2002 by TPx (formerly TelePacific Corporation), who have invested significantly in customizing the space. The building has a size of 33273 square feet.
Key Highlights
- Prestigious Orange County office environment
- Free‑standing office building
- Significant capital investment by previous tenant (TPx) for customization
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$643,114
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,862,280
$12.9M
Cap Rate 7%
$9,187,343
$9.2M
Cap Rate 9%
$7,145,711
$7.1M
Market Conditions
NOI Build-Up for 33,273 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$942.3K $28.32/SF
− Vacancy
−$84.8K −$2.55/SF
EGI
$857.5K $25.77/SF
− OpEx
−$214.4K −$6.44/SF
NOI
$643.1K $19.33/SF
Area
Irvine, CA
Vacancy
9.00%
Lease Rate
$28.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,862,280
Cap Rate 7%
$9,187,343
Cap Rate 9%
$7,145,711
Alternative Uses
Best Use
Office B
$9.19M
$8.04M – $10.72M
NOI $643,114 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.77M
$10.30M – $13.73M
NOI $823,636 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,648
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding office building in a prestigious Irvine location.
Where is this office building located?
The property is located at 72 Corporate Park Irvine, CA.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: Prestigious Orange County office environment; Free‑standing office building; Significant capital investment by previous tenant (TPx) for customization
