9012 Research Dr Irvine, CA 92618-4254

Property Details for 9012 Research Dr

Lot size

1.33 lot acres

Property type

Commercial real estate

APN

588-191-22

APU

58819122

Description

This exceptional 40,135 square foot, Class A office and R&D building presents a compelling owner-user or investment opportunity. Located in Irvine, California's highly sought-after Irvine Spectrum submarket, this two-story building sits on a 2.42-acre lot at a prime intersection, offering high visibility and easy freeway access. Built in 2001, the property boasts a 14-foot ceiling height, ample parking (4.5 spaces per 1,000 sq ft), and a desirable single-tenancy configuration. The asking price is $15,050,625 ($375 per square foot), with a strong projected Net Operating Income (NOI) of $1,050,593.22, yielding a 7% cap rate. The property features multiple points of ingress/egress, elevator service, and the flexibility to add a ground-level roll-up door, making it ideal for a variety of uses. Its proximity to major employers, the Irvine Spectrum entertainment center, and John Wayne Airport further enhances its appeal. This is a below-replacement-cost opportunity in a thriving location, offering significant long-term value. The property is a freestanding building with excellent visibility on Research Drive, and is close to the new Los Olivos Marketplace. Rent bumps are included in the projected NOI. The property's APN is 588-191-22. This is a NNN lease type.

Location Insight

City

Irvine

County

Orange

State

California

Longitude

-117.738

Latitude

33.6402

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments