Property profile

2 Hughes Irvine, CA 92618

OFF-MARKET
Mixed-use properties
4,919 SF 1.59 ac lot
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Property summary

AI-generated overview

This exceptional mixed-use property, located in the prestigious Irvine Spectrum, offers a compelling investment opportunity. The building encompasses 4,919 square feet and sits on a sizable 1.59-acre lot, providing ample space and potential for future development or expansion. Currently occupied by a medical tenant under a robust lease agreement, this property guarantees a steady stream of income. The lease is structured for an initial three-year term, followed by two five-year options, ensuring long-term financial stability. The property is a Net, Net, Net (NNN) lease, meaning the tenant is responsible for all operating expenses, minimizing the owner's financial burden. This prime location within the vibrant Irvine Spectrum offers high visibility and accessibility, attracting a desirable clientele. The building's current medical use presents a stable and in-demand sector of the real estate market. This is an excellent opportunity for investors seeking a secure, high-return investment with significant long-term potential in a thriving Southern California location. The asking price for this exceptional property is $3,800,000. Serious inquiries only.

Property profile

Verified
Property type Mixed-use properties
Total area 4,919 SF
Lot 1.59 ac (69,260 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician Medical Clinic
  • Physician
  • Medical Clinic
  • Laboratory

Location

2 Hughes Irvine, CA 92618
Irvine metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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