Creative Office Building with
18851 Bardeen Ave Irvine, CA 92612
For Sale
Contact for pricing
Two-story office building features an interior open atrium designed for high-volume creative operations.
Property Size18,500 SF
Price / SF$425
Days on Market1956
Property Features for 18851 Bardeen Ave
General Information
Standard status
Active
Size
18,500 SF
Property subtype
OFFICE
Listing Agency:
CBRE
(949) 725-8526
Listed By:
Chip Wright · License #00899669
(949) 725-8526
Source:
Moodyscre
Added: Mar 22, 2021
Changed: Jul 26
Last Checked: Jul 28 at 2:30PM
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 CBRE
Investment Insights
Based on property information with market context.
This for-sale creative and progressive office building is a two-story property with an interior open atrium. The space is described as supporting high-volume activity, with an interior layout organized around the atrium.
The property is located at 18851 Bardeen Ave in Irvine, California. The listing focuses on the building’s two-story configuration and the central open atrium that visually connects the floors.
With a total size of 18,500 square feet, the asset offers an office building footprint specifically configured for an interior atrium-driven arrangement.
The property is located at 18851 Bardeen Ave in Irvine, California. The listing focuses on the building’s two-story configuration and the central open atrium that visually connects the floors.
With a total size of 18,500 square feet, the asset offers an office building footprint specifically configured for an interior atrium-driven arrangement.
Key Highlights
- Two‑story office building with an interior open atrium
- Interior atrium is designed for high‑volume creative operations
- Office space includes a two‑story layout with high‑volume flow for creative/progressive use
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 | $523.9k | $28.32 |
| − Vacancy | −$47.2k | −$2.55 |
| EGI | $476.8k | $25.77 |
| − OpEx | −$119.2k | −$6.44 |
| NOI | $357.6k | $19.33 |
18,500 SF · lease $28.32/SF/yr · vacancy 9.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.11M
$4.47M – $5.96M
NOI $357,575 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.54M
$5.72M – $7.63M
NOI $457,947 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Creative space - Two-story office building features an interior open atrium designed for high-volume creative operations.
Where is this creative space located?
The property is located at 18851 Bardeen Ave Irvine, CA.
What is the asking price?
The asking price for this property is $7,862,500.
What are key features of this property?
This property features: Two‑story office building with an interior open atrium; Interior atrium is designed for high‑volume creative operations; Office space includes a two‑story layout with high‑volume flow for creative/progressive use
