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 highly desirable Irvine Spectrum area, presents a compelling investment opportunity. The building encompasses 4,919 square feet and sits on a generous 1.59-acre lot, offering significant potential for future development or expansion. Currently operating as a medical building, the property benefits from a stable income stream generated by a tenant under a robust lease agreement. This lease ensures a secure return for the investor, with a firm three-year term followed by two five-year options. The property is offered at $3,800,000. The building's location within the vibrant Irvine Spectrum provides excellent visibility and accessibility, attracting a high volume of foot traffic and ensuring strong tenant demand. The Net Net Net (NNN) lease structure further minimizes the owner's operational responsibilities, making this a low-maintenance, high-yield investment. The substantial lot size provides ample room for potential future expansion or redevelopment, catering to a variety of uses within the mixed-use zoning designation. This property represents a rare opportunity to acquire a well-located, income-producing asset in one of Southern California's most sought-after commercial markets. The existing lease provides immediate cash flow, while the expansive lot size and prime location offer significant long-term growth potential. Serious inquiries are encouraged.

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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Blend (final) Blend
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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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