Flex Space Industrial
20914 Bake Pkwy, Lake Forest, CA 92630
For Sale
Contact for pricing
Move-in-ready condominium space within Spectrum Centre Business Park with industrial functionality and dedicated loading access.
Property Size2,534 SF
Price / SF$575
Days on Market100
Property Features for 20914 Bake Pkwy
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Clear Height
Power
Listing Agency:
Colliers
(949) 474-0707
Listed By:
Joseph Winkelmann
(949) 724-5704
Source:
Moodyscre
Added: Aug 3
Changed: Nov 2
Last Checked: Nov 8 at 5:06AM
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 Colliers
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Investment Insights
Based on property information with market context.
This 2,534-square-foot flex space is configured as an industrial condominium at Spectrum Centre Business Park. The property is described as move-in ready and includes 200 Amps of power, one (1) GL loading door, and 16' clear height.
Located at 20914 Bake Pkwy in Lake Forest, California, the property offers a practical setup for users seeking flexible industrial space with loading capability. Its combination of warehouse-oriented features and condominium ownership structure supports a range of commercial operations appropriate for the asset type.
Located at 20914 Bake Pkwy in Lake Forest, California, the property offers a practical setup for users seeking flexible industrial space with loading capability. Its combination of warehouse-oriented features and condominium ownership structure supports a range of commercial operations appropriate for the asset type.
Key Highlights
- 2,534 square feet of flex space
- Industrial condo within Spectrum Centre Business Park
- 200 Amps power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,105
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$922,100
$922.1K
Cap Rate 7%
$658,643
$658.6K
Cap Rate 9%
$512,278
$512.3K
Market Conditions
NOI Build-Up for 2,534 SF
Gross rent
$84.2K $33.24/SF
− Vacancy
−$13.3K −$5.25/SF
EGI
$70.9K $27.99/SF
− OpEx
−$24.8K −$9.80/SF
NOI
$46.1K $18.19/SF
Area
Orange County, CA
Vacancy
15.79%
Lease Rate
$33.24 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$922,100
Cap Rate 7%
$658,643
Cap Rate 9%
$512,278
Alternative Uses
Best Use
Flex RnD
$658.6K
$576.3K – $768.4K
NOI $46,105 @ 7.0% cap · market cap 3.16%
Second Best
Warehouse
$555.4K
$486.0K – $648.0K
NOI $38,878 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$851.1K
$744.7K – $993.0K
NOI $59,578 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,013
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92630, CA
66,359
Population
24,390
Households
2.7
Avg Household Size
40
Median Age
47%
College-Educated
93%
High-School Grad
10.5 sq mi
ZIP Area
6,320
Density / Sq Mi
$119,984
Median Household Income
$57,277
Median Earnings
$2,614
Median Rent
$858,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Orange County, CA
Properties on Market for Flex space in Orange County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Party In A Box Catering — 19 Hammond #512, Irvine, CA 92618
- Western Hospitality Group — 1 Spectrum Pointe Dr #310, Lake Forest, CA 92630
- Rooted Culinaire — 23 Musick, Irvine, CA 92618
- Natraj Catering — 23 Musick, Irvine, CA 92618
Frequently Asked Questions
What type of property is this?
Flex space - Move-in-ready condominium space within Spectrum Centre Business Park with industrial functionality and dedicated loading access.
Where is this flex space located?
The property is located at 20914 Bake Pkwy Lake Forest, CA.
What is the asking price?
The asking price for this property is $1,457,050.
What are key features of this property?
This property features: 2,534 square feet of flex space; Industrial condo within Spectrum Centre Business Park; 200 Amps power
