Property profile

62 Discovery Irvine, CA 92618

OFF-MARKET
Office Spaces
Property ID
US09-3299572
Entity Owned 14-yr Hold
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Property summary

AI-generated overview

This exceptional 3,216-square-foot single-story executive office building in Irvine, California, presents a compelling owner-user, investment, or leasing opportunity. Built in 2004, the property boasts modern architecture and clean professional office improvements, including a mix of private offices, a conference room, reception area, open workspace, kitchen, and private restrooms. The building features extensive window lines and a double-door ground-floor entrance directly accessible from the parking lot. Benefit from excellent signage opportunities visible from the business park entrance. The flexible zoning (Zoned 5.5. Life Science & General Office Use) allows for diverse uses. Ample free surface parking is provided at a ratio of 4 spaces per 1,000 square feet, including three reserved stalls. The property's strategic location offers close proximity to the Irvine Spectrum Center, numerous retail amenities, new residential developments, and the Orange County Great Park. Enjoy convenient access to major freeways (5, 405, 73, 133, and 241). The property is situated within a professionally managed business park. The asking price is $2,267,280 ($705 per square foot), and financing options including SBA and conventional loans (10-15% down payment) are readily available. This is a rare opportunity to acquire a high-image, well-located office building in a thriving market.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
APN 935-357-65
UPID US09-3299572

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 Medical Clinic
  • Physician
  • Medical Clinic
  • Physician
  • Medical Clinic

Location

62 Discovery Irvine, CA 92618-3142
Irvine metro Census 52518 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

since 2012
3 recorded transactions
2012
Price N/A
2006
Price N/A
2005
Price N/A

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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