Freestanding Flex Building with Fenced
15 Whatney Irvine, CA 92618
For Sale
Contact for pricing
27,541 SF office space with extensive glass, plus 8,000 SF warehouse mezzanine, 24' clearance, and three ground-level loading doors.
Property Size39,696 SF
Price / SF$525
Days on Market168
Property Features for 15 Whatney
General Information
Standard status
Active
Size
39,696 SF
Property subtype
INDUSTRIAL
Listing Agency:
Voit Real Estate Services
(714) 269-4626
Listed By:
John Collins · License #01235509
(714) 269-4626
Source:
Moodyscre
Added: Feb 12
Changed: Jul 27
Last Checked: Jul 29 at 12:38PM
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 Voit Real Estate Services
Investment Insights
Based on property information with market context.
This freestanding flex building offers 27,541 SF of office space with extensive glass walls and doors throughout. The warehouse component includes an 8,000 SF bonus warehouse mezzanine, complemented by 24' minimum warehouse clearance and three ground-level loading doors. The property also features a fenced yard area.
Located in Irvine Spectrum at 15 Whatney, the building is well suited for uses that benefit from a blend of office presence and warehouse functionality under one roof.
The overall configuration combines substantial office buildout with dedicated warehouse improvements, including the mezzanine and loading infrastructure, supported by the fenced yard area for controlled storage or staging.
Located in Irvine Spectrum at 15 Whatney, the building is well suited for uses that benefit from a blend of office presence and warehouse functionality under one roof.
The overall configuration combines substantial office buildout with dedicated warehouse improvements, including the mezzanine and loading infrastructure, supported by the fenced yard area for controlled storage or staging.
Key Highlights
- Free‑standing building offering 27,541 SF of office space with extensive glass walls and doors throughout
- Includes an 8,000 SF bonus warehouse mezzanine
- Warehouse features 24' minimum clearance
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.05M | $26.52 |
| − Vacancy | −$173.7k | −$4.38 |
| EGI | $879.0k | $22.14 |
| − OpEx | −$219.8k | −$5.54 |
| NOI | $659.3k | $16.61 |
39,696 SF · lease $26.52/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$9.42M
$8.24M – $10.99M
NOI $659,277 @ 7.0% cap · market cap 3.16%
Second Best
Warehouse
$8.90M
$7.79M – $10.39M
NOI $623,205 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$13.07M
$11.44M – $15.25M
NOI $915,053 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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Frequently Asked Questions
What type of property is this?
Flex space - 27,541 SF office space with extensive glass, plus 8,000 SF warehouse mezzanine, 24' clearance, and three ground-level loading doors.
Where is this flex space located?
The property is located at 15 Whatney Irvine, CA.
What is the asking price?
The asking price for this property is $20,840,400.
What are key features of this property?
This property features: Free‑standing building offering 27,541 SF of office space with extensive glass walls and doors throughout; Includes an 8,000 SF bonus warehouse mezzanine; Warehouse features 24' minimum clearance
