8697 Irvine Center DrIrvine, CA 92618

Property Details for 8697 Irvine Center Dr

Lot size

3.94 AC

Property type

Showrooms

APN

588-173-03

APU

58817303

Description

This 1,425 square foot retail space is available for lease in a prime Irvine, Orange County location. Situated within an existing and operating 24 Hour Fitness gym, this single-tenant space presents a unique opportunity for businesses in the health, wellness, and fitness sectors. Ideal uses include, but are not limited to, martial arts, Brazilian Jiu Jitsu, kickboxing, boxing, self-defense instruction, physical therapy, sports rehabilitation, chiropractic services, therapeutic massage, grappling, drip therapy, weight loss advisory services, health diagnostic screening and testing, and the sale of related products such as workout apparel and sports accessories. The landlord will consider other complementary fitness and wellness uses. Please note that food and beverage preparation on-site is prohibited, as are pole dancing classes and uses requiring significant construction or utility upgrades. Rent includes common area maintenance, property taxes, and utilities (excluding phone, cable, and internet). The property is located in the Irvine submarket cluster of Orange County, California, offering excellent access to a large and active customer base. This is a fantastic opportunity for a business seeking high visibility and a built-in customer base within a thriving fitness environment. The space is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $43,230,700

  6.5%

  $39,905,300

  7%

  $37,054,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,213,500

  Geo Method

  $62,796,400

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $78,544,500

  Mixed-Use / Specialty

  $39,469,900

  Hospitality / Lodging

  $28,576,200

  Office

  $38,930,100

  Institutional / Educational

  $40,928,000

  Residential Income

  $47,885,800

  Multifamily

  $59,056,600

  Automotive / Energy

  $35,081,200

  Parking / Income-Based Land

  $12,395,700

  Restaurant / Food Service

  $19,903,000

  Healthcare / Senior Housing

  $40,776,200

Location Insight

City

Irvine

County

Orange

State

California

Latitude

33.6432

Longitude

-117.743

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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