114 PacificaIrvine, CA 92618

Property Details for 114 Pacifica

Lot size

2.97 AC

Property type

Other commercial real estate

Property subtype

Showrooms

APN

585-021-17

APU

58502117

Description

Pacifica Medical Plaza, a Class B, four-story medical office building in Irvine, CA, offers 114,209 square feet of space. Built in 1999 and renovated in 2021, this prominent building boasts 15 available suites ranging from 1,654 to 13,000 square feet, with some contiguous units offering larger blocks of space up to 26,941 square feet. The building enjoys high visibility from SR-133 and Irvine Center Drive, providing excellent brand exposure within a thriving medical market. Its strategic location offers convenient access to over 890,000 patients within a 15-minute drive, with a projected 4% annual service area growth. The efficient, large open floor plates are adaptable to various medical specialties, and the building offers potential for HCAI-compliant ground floor spaces. Full-floor and ground-floor options are available. Specific suite sizes and lease terms are available upon request. This property presents a unique opportunity to establish or expand a medical practice in a high-demand location within the sought-after Irvine Spectrum submarket. The building's modern design and convenient location attract a substantial patient base from throughout Orange County.

• CAP approach

  CAP return

  Valuation

  6%

  $41,238,620

  6.5%

  $38,066,416

  7%

  $35,347,388

• Comparable approach

  Method

  Valuation

  Relative Method

  $53,363,908

  Geo Method

  $114,709,328

• Alternative Use

  Use

  Valuation

  Residential

  $32,110,446

  Hospitality

  $29,412,996

  Educational

  $24,471,268

  Medical

  $25,312,872

  Retail

  $38,066,416

Location Insight

City

Irvine

County

Orange

State

California

Latitude

33.6612

Longitude

-117.754

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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