Two-Story Office Building with
For Sale
Contact for pricing
18 Morgan, Irvine, CA 92618
Office building with warehouse space available for lease in Irvine.
Property Size17,626 SF
Days on Market203
Property Features for 18 Morgan
General Information
Standard status
Active
Size
17,626 SF
Property subtype
Office
Building Details
Building Size
17,626 SF
Year Built
1983
Stories
2
Properties For Sale
at 18 Morgan
Available Space
Size
5,000-8,453 SF
Lease Type
FSG
Plug & Play Space Offered with Furniture and Workstations 5 Minutes to the 5 & 405 Freeways Glass “Double-Door” Entry off Lobby with Water Feature Possible Monument Signage 4:1 Parking Ratio On-Site Landlord
Contact us
Listing Agency:
Newport Beach
Listed By:
Brian Doner · License #00879662
(714) 941-5324
Source:
Daumcommercial
Added: Apr 3
Changed: Oct 21
Last Checked: Oct 20 at 5:03PM
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 Newport Beach
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Investment Insights
Based on property information with market context.
This is a two-story office building with a small warehouse component. The building was remodeled in 2007. The ground floor is currently leased to a division of Caterpillar Inc., with the lease expiring on October 27th. There is 8,453 square feet of second-floor office space available. The property features a parking ratio of 4:1,000 and 800 amps of power. Building signage is available. The property includes one ground-level door. The existing furniture is negotiable. The building is located on a corner lot.
Key Highlights
- Ground floor leased to a division of Caterpillar Inc. (expires 10/27)
- 8,453 SF of second floor office space available**
- 4:1,000 Parking Ratio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,409,077
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,028,181,540
$2,028.2M
Cap Rate 7%
$1,448,701,100
$1,448.7M
Cap Rate 9%
$1,126,767,522
$1,126.8M
Market Conditions
NOI Build-Up for 7,843,570 SF
Gross rent
$151.54M $19.32/SF
− Vacancy
−$6.67M −$0.85/SF
EGI
$144.87M $18.47/SF
− OpEx
−$43.46M −$5.54/SF
NOI
$101.41M $12.93/SF
Area
ZIP 92618
Vacancy
4.40%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,028,181,540
Cap Rate 7%
$1,448,701,100
Cap Rate 9%
$1,126,767,522
Alternative Uses
Best Use
Office B
$1,860.96M
$1,628.34M – $2,171.12M
NOI $130,267,187 @ 7.0% cap · market cap 6,513,359,350.00%
Second Best
Warehouse
$1,759.14M
$1,539.24M – $2,052.33M
NOI $123,139,594 @ 7.0% cap · market cap 6,156,979,700.00%
Theoretical Best
Office A
$2,582.95M
$2,260.08M – $3,013.44M
NOI $180,806,211 @ 7.0% cap · market cap 9,040,310,550.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
895
Businesses Nearby
Explore this area
Business Placement
Demographics for 92618, CA
57,488
Population
26,470
Households
2.2
Avg Household Size
35
Median Age
72%
College-Educated
97%
High-School Grad
20.7 sq mi
ZIP Area
2,777
Density / Sq Mi
$135,609
Median Household Income
$85,192
Median Earnings
$3,053
Median Rent
$1,153,400
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Office building with warehouse space available for lease in Irvine.
Where is this office building located?
The property is located at 18 Morgan Irvine, CA.
What are key features of this property?
This property features: Ground floor leased to a division of Caterpillar Inc. (expires 10/27); 8,453 SF of second floor office space available**; 4:1,000 Parking Ratio
