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Flex Office and Warehouse Building
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9601-9661 Irvine Center Dr, Irvine, CA 92618

Multi-tenant building with 100% HVAC and both office space and a temp-controlled warehouse component.

Property Size7,559 SF
Price / SF$522.56
Days on Market486

Property Features for 9601-9661 Irvine Center Dr

General Information

Standard status Active
Size 7,559 SF
Property subtype INDUSTRIAL

Site & Location

Neighborhood Spectrum 5 Pa34

Amenities

Signage Visibility

Building Details

Tenancy Multi
Listing Agency: Kidder Mathews
Listed By: Oliver Ternate · License #01395278
Source: Moodyscre
Added: Jul 7, 2025 Changed: Nov 2 Last Checked: Nov 3 at 9:48AM

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 Kidder Mathews

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Koll Center II is a multi-tenant flex/industrial property offering a mix of office space and a temp-controlled warehouse component. The building includes 100% HVAC throughout, supporting year-round comfort and consistent indoor conditions for office and warehouse operations.

The property features signage visibility on Irvine Center Dr and is positioned near Irvine Spectrum Center, 24 Hour Fitness, and Whole Foods.

As configured, the offering combines office functionality with an on-site temperature-controlled warehouse area, making it suitable for users who need both administrative space and controlled storage within the same facility.

Key Highlights

  • Koll Center II multi‑tenant building
  • Includes ±5,500 SF office space
  • Includes ±2,000 SF temp‑controlled warehouse (flex/industrial)

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$118,672
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,373,440 $2.4M
Cap Rate 7%
$1,695,314 $1.7M
Cap Rate 9%
$1,318,578 $1.3M
Market Conditions
NOI Build-Up for 7,559 SF
Gross rent
$146.0K $19.32/SF
− Vacancy
−$6.4K −$0.85/SF
EGI
$139.6K $18.47/SF
− OpEx
−$20.9K −$2.77/SF
NOI
$118.7K $15.70/SF
Area
ZIP 92618
Vacancy
4.40%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,373,440
Cap Rate 7%
$1,695,314
Cap Rate 9%
$1,318,578

Alternative Uses

Best Use
Warehouse
$1.70M
$1.48M – $1.98M (±1% cap)
NOI $118,672 @ 7.0% cap · market cap 3.00%
Second Best
Flex RnD
$1.43M
$1.25M – $1.66M (±1% cap)
NOI $99,761 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M (±1% cap)
NOI $174,246 @ 7.0% cap · market cap 4.41%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Bar & Pub Grocery & Convenience Store Pet Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,125
Businesses Nearby
Well-served
Demand for This Use

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

Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025

Similar Off Market Nearby

  • Alonti Catering Kitchen — 23024 Lake Forest Dr suite h, Laguna Hills, CA 92653
  • OC Bar Service — 22981 Triton Way Suite D, Laguna Hills, CA 92653
  • Jason's Catered Events — 15560 Rockfield Blvd # C216, Irvine, CA 92618

Frequently Asked Questions

What type of property is this?
Flex space - Multi-tenant building with 100% HVAC and both office space and a temp-controlled warehouse component.
Where is this flex space located?
The property is located at 9601-9661 Irvine Center Dr Irvine, CA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Koll Center II multi‑tenant building; Includes ±5,500 SF office space; Includes ±2,000 SF temp‑controlled warehouse (flex/industrial)
(949) 557-5019 Call to check price and availability
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Includes: Price & PSF · Cap rate · Location · Zoning

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