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Bldg D 8687 Research Dr

22,091 SF Vacant Office Building Irvine, CA 92618 $8,800,000 ($398/SF)

Investment Highlights

  • IDEAL OWNER-USER JEWEL BOX
  • FLEXIBILITY TO ADD A GROUND LEVEL ROLL-UP DOOR
  • LOCATED NEAR THE IRVINE SPECTRUM AND ADJACENT TO LOS OLIVOS MARKETPLACE
  • IRREPLACEABLE VISIBILITY WITH SIGNAGE ON THE 405 FREEWAY (212,000+ VEHICLES PER DAY)
  • ELEVATOR SERVED
  • RECENTLY RENOVATED 22,078 SF 2-STORY FLEX OFFICE BUILDING

Executive Summary

Institutional Property Advisors (IPA), in partnership with CBRE, is pleased to present the opportunity to acquire or lease 8687 Research Drive (the “Property”). This flex-office investment opportunity totals 22,078 square feet in the heart of the Irvine Spectrum. The Property is a 2-story “jewel-box” built in 1999 and has been renovated in 2021 and 2023. The building offers irreplaceable signage opportunitiesvia the 405 Freeway providing visibility to over 212,000 cars per day. 8687 Research Drive has a breadth of walkable and nearby amenities being located adjacent to Los Olivos Marketplace and only a half mile from Irvine Spectrum Center.

Property Facts

Sale Type
Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
22,091 SF
Building Class
B
Year Built/Renovated
1999/2023
Price
$8,800,000
Price Per SF
$398
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,039 SF
Slab To Slab
11’
Building FAR
0.33
Lot Size
1.53 AC
Zoning
5.4 (A) - Zoning allowing for a multitude of uses including industrial, R&D, service, design, animal care, and office uses
Parking
88 Spaces (4 Spaces per 1,000 SF Leased)

Amenities

  • Kitchen
  • Outdoor Seating

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 100
  • 6,320 SF
  • Office
  • Full Build-Out
  • Now

Move in Ready, 7 window Offices, Glass Conference Room, Kitchen, large work room, Large bullpen, Glass Herculite doors off main lobby

  • 1st Fl-Ste 150
  • 4,726 SF
  • Office
  • Full Build-Out
  • Now

Move in Ready, 10 window offices, Large bullpen, Conference Room, Glass Herculite doors off main lobby – Building Top Signage visible from the 405 Freeway, 4 per 1000 parking

  • 2nd Fl-Ste 200
  • 5,523 SF
  • Office
  • Full Build-Out
  • Now

Move in Ready, 7 window Offices, Conference Room, Kitchen, Large bullpen, Glass Herculite doors off 2nd floor lobby

  • 2nd Fl-Ste 250
  • 5,522 SF
  • Office
  • Full Build-Out
  • Now

Move in Ready, 5 Offices, Conference Room, Kitchen, Glass Herculite doors off 2nd floor lobby

Space Size Space Use Condition Available
1st Fl-Ste 100 6,320 SF Office Full Build-Out Now
1st Fl-Ste 150 4,726 SF Office Full Build-Out Now
2nd Fl-Ste 200 5,523 SF Office Full Build-Out Now
2nd Fl-Ste 250 5,522 SF Office Full Build-Out Now

1st Fl-Ste 100

Size
6,320 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 150

Size
4,726 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 200

Size
5,523 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 250

Size
5,522 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 100

Size 6,320 SF
Space Use Office
Condition Full Build-Out
Available Now

Move in Ready, 7 window Offices, Glass Conference Room, Kitchen, large work room, Large bullpen, Glass Herculite doors off main lobby

1st Fl-Ste 150

Size 4,726 SF
Space Use Office
Condition Full Build-Out
Available Now

Move in Ready, 10 window offices, Large bullpen, Conference Room, Glass Herculite doors off main lobby – Building Top Signage visible from the 405 Freeway, 4 per 1000 parking

2nd Fl-Ste 200

Size 5,523 SF
Space Use Office
Condition Full Build-Out
Available Now

Move in Ready, 7 window Offices, Conference Room, Kitchen, Large bullpen, Glass Herculite doors off 2nd floor lobby

2nd Fl-Ste 250

Size 5,522 SF
Space Use Office
Condition Full Build-Out
Available Now

Move in Ready, 5 Offices, Conference Room, Kitchen, Glass Herculite doors off 2nd floor lobby

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
588-174-03
Land Assessment
$8,427,240
Improvements Assessment
$2,601,000
Total Assessment
$11,028,240
  • Listing ID: 29979617

  • Date on Market: 11/6/2023

  • Last Updated:

  • Address: 8687 Research Dr, Irvine, CA 92618

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