72 Corporate Park, Irvine, CA
Freestanding office building in a prestigious Irvine location.
- Added:
- Feb 27, 2025
- Days on Market:
- 493
- Last Refresh:
- May 20 at 8:42 pm
Property Features for 72 Corporate Park
General Information
- Standard status
- Active
- Size
- 33,273 SF
- Lot size
- 1.90 Acres
- Property subtype
- OFFICE
Listing office CTH Commercial Real Estate (949) 689-6321
Listing date Feb 27, 2025
Source Moodyscre
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
HighLights
- Prestigious Orange County office environment
- Free‑standing office building
- Significant capital investment by previous tenant (TPx) for customization
- Long‑term occupancy by TPx since 2002
- Unique location
- Currently occupied
Overview
Local 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 | $942.3k | $28.32 |
| − Vacancy | −$84.8k | −$2.55 |
| EGI | $857.5k | $25.77 |
| − OpEx | −$214.4k | −$6.44 |
| NOI | $643.1k | $19.33 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Irvine
- County
- Orange
- State
- California
- Longitude
- -117.825
- Latitude
- 33.6924
