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    Class A Twin Office Towers Title is generated by Realmo AI

    5 & 6 Hutton Centre Dr, Santa Ana, CA 92707

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    Prestigious office towers in South Metro, close to John Wayne Airport.

    Type:Office
    Property size:
    555,993 SF
    Added:
    May 4, 2023
    Days on Market:
    1126
    Last Refresh:
    May 12 at 9:00 pm

    Property Features for 5 & 6 Hutton Centre Dr

    General Information

    Standard status
    Active
    Size
    555,993 SF
    Property subtype
    Office

    Spaces For Lease

    at 5 & 6 Hutton Centre Dr Contact us

    Suite 820 $2/Mo

    Size
    2,430 SF
    Type
    Office
    4 perimeter offices, open area.
    Contact us

    6 Hutton Suite 1040 $2/Mo

    Size
    2,251 SF
    Type
    Office
    6 perimeter offices, interior office, conference room and break room
    Contact us

    6 Hutton Suite 1010 $2/Mo

    Size
    1,916 SF
    Type
    Office
    Spec suite - 3 perimeter offices, open area and reception.
    Contact us

    6 Hutton Suite 160 $2/Mo

    Size
    2,252 SF
    Type
    Office
    4 offices, open area & storage room
    Contact us

    Suite 845 $2/Mo

    Size
    1,622 SF
    Type
    Office
    Open area.
    Contact us
    Show more

    We can help!

    Listing Contact
    Taylor Friend

    Listing agent Taylor Friend License #CA 01885394

    Listing office CBRE - Orange County

    Listing date May 4, 2023

    Source Crexi

    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 - Orange County

    HighLights

    • Premier Class A office space totaling 555,993 rentable square feet.
    • Highly visible location at the intersection of the 405 and 55 freeways in the South Coast Metro area.
    • Immediate access to the 55 and 405 freeways, including a dedicated lane to John Wayne Airport.
    • Minutes from John Wayne Airport.
    • Flexible and efficient floor plans.
    • Proximity to numerous amenities including restaurants, retail malls (South Coast Plaza, Fashion Island, Irvine Marketplace), and entertainment venues (Disneyland, Honda Center, Angel Stadium, Anaheim Convention Center).

    Overview

    Located at 5 and 6 Hutton Centre Drive in the South Metro area, these Class A landmark twin office towers offer 555,993 rentable square feet. The property features flexible and efficient floor plans. Griffin Towers is located minutes from John Wayne Airport and provides access to the 55 and 405 freeways, including a dedicated lane to the airport, as well as visibility and freeway signage. Situated at the intersection of the 405 and 55 freeways, Griffin Towers is visible within the South Coast Metro area. The location is within the Orange County Airport area, bounded by Los Angeles to the north, San Diego to the south, and the Pacific Coast to the west. It is located within minutes of eating establishments, the University of California, Irvine, John Wayne Airport, South Coast Plaza, Fashion Island, and Irvine Marketplace, and within a half hour of Disneyland, Honda Center, Angel Stadium of Anaheim, and Anaheim Convention Center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sotoodeh & Associates Law Firm Mikulka Yuri Law Firm Knox Laura Law Firm Lerner & Mc Donald ... Law Firm Long Williamson & Delis ... Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.8652801
    Latitude
    33.6959411

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    FAQs

    What type of property is this?
    Office building - Prestigious office towers in South Metro, close to John Wayne Airport.
    Where is this office building located?
    The property is located at 5 & 6 Hutton Centre Dr Santa Ana, CA.
    What is the lease rate?
    The lease rate is $34 SF/Yr.
    What are key features of this property?
    This property features: Premier Class A office space totaling 555,993 rentable square feet.; Highly visible location at the intersection of the 405 and 55 freeways in the South Coast Metro area.; Immediate access to the 55 and 405 freeways, including a dedicated lane to John Wayne Airport.
    (949) 413-5234 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Taylor Friend
    Real Estate License ID: CA 01885394
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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