18011 Mitchell S Irvine, CA 92614-6863
- Warehouses
- 36,035 SF
- 2.44 lot acres
Feb 28, 2025
Current Use by Public Records
- VQ OrthoCare / Corporate Office
- Pacific American Life Science Learning Center / Training Centre
- Maximum Medical, Inc / Aged Care
- Integrated Healthcare Solutions / Vitamin & Supplements Store
- Brace It Better / Corporate Office
Property Details for 18011 Mitchell S
- Year built
- 1978
- Lot size
- 2.44 lot acres
- Property size
- 36,035 SF
- Property type
- Warehouses
- APN
- 427-251-01
- APU
- 42725101
Description
This exceptional investment opportunity presents a fee-simple ownership of a 35,616-square-foot Tesla Collision Center in Irvine, California. The property, built in 1978 and renovated in 2024, sits on a 2.44-acre lot and boasts 135 parking spaces. Currently 100% occupied by Tesla under a triple-net (NNN) lease, this property offers a secure, long-term investment with a new 10-year lease featuring 3.50% annual rent increases throughout the initial term and options, with fair market value increases at the start of each option period. The lease includes two 5-year renewal options, demonstrating Tesla's strong commitment to the location. The property is zoned for multi-use (IBC) and benefits from its prime location at a hard-corner intersection with high daily traffic volume, excellent access to major freeways (State Highway 55, 73, and Interstate 405), and proximity to John Wayne Airport. The surrounding area features a dense concentration of retail establishments, including major shopping centers and numerous residential communities, creating a strong consumer base and synergistic tenant mix. The 5-mile trade area boasts a highly affluent population with average household incomes exceeding $128,000. This low-management investment opportunity is ideal for passive investors seeking a stable, high-growth asset in a thriving market. The property's APN is 427-251-01.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Irvine
- County
- Orange
- State
- California
- Longitude
- -117.864
- Latitude
- 33.6909
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA