1062 Mcgaw AveIrvine, CA 92614

Property Details for 1062 Mcgaw Ave

Lot size

5.12 AC

Property type

Industrial land

APN

430-111-18

APU

43011118

Description

This exceptional 120,656-square-foot building, situated on a 5.05-acre lot (220,065 square feet), presents a unique opportunity for multiple tenants. Built in 2023, this two-story structure offers flexible space options, with a minimum divisible space of 52,205 square feet and a maximum contiguous space of 68,451 square feet. The entire building is currently vacant. The property boasts impressive features including a 36-foot ceiling height, 12 dock-high doors, and 2 loading docks, making it ideal for warehouse and distribution operations. Ample parking is provided with 85 total spaces. The building is equipped with a 2,000-amp electrical meter (expandable), operating at 244/480V (verification recommended). Safety is ensured with an ESFR fire sprinkler system. A fenced truck court provides secure loading and unloading areas. The property benefits from highly visible freeway signage along the 55 Freeway, enhancing its visibility and accessibility. Located in Orange County, with a zoning designation of 5.1 and APN numbers 430-111-18 and 430-111-08, this property offers a strategic location and significant potential for various industrial and office uses. The cross streets are Pullman St and McGaw Ave. This is a rare opportunity to lease a brand-new, large-scale industrial/office space in a prime Orange County location.

• CAP approach

  CAP return

  Valuation

  6%

  $141,373,000

  6.5%

  $130,498,000

  7%

  $121,177,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $125,639,000

  Geo Method

  $125,639,000

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $66,113,900

  Mixed-Use / Specialty

  $65,243,900

  Hospitality / Lodging

  $47,041,500

  Office

  $64,195,500

  Institutional / Educational

  $67,600,600

  Residential Income

  $79,092,700

  Multifamily

  $98,376,200

  Automotive / Energy

  $57,943,400

  Parking / Income-Based Land

  $20,622,300

  Restaurant / Food Service

  $32,580,000

  Healthcare / Senior Housing

  $67,556,900

Location Insight

City

Irvine

County

Orange

State

California

Latitude

33.7006

Longitude

-117.858

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

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