8935 Research DrIrvine, CA 92618

Property Details for 8935 Research Dr

Lot size

0.09 AC

Property type

Commercial real estate

APN

588-177-10

APU

58817710

Description

This exceptional 7700-square-foot office building, situated at 8935 Research Drive in Irvine, California, presents a unique investment opportunity. The property boasts a highly desirable location within a prestigious office park, offering convenient access to the vibrant Irvine Spectrum, known for its diverse dining, entertainment, and service options. The building is comprised of two floors, each offering distinct advantages. The second floor is currently leased to a reliable tenant under a lease agreement extending until 2025, providing immediate and consistent rental income. The first floor is available for immediate occupancy and is adaptable to suit a variety of tenant improvement needs. Ample parking is readily available, ensuring convenience for employees and clients. A significant advantage of this property is its prominent freeway signage, offering exceptional visibility and brand exposure. Signage opportunities exist on both the front and back of the building, maximizing marketing potential. The 0.09-acre lot provides a comfortable footprint for this well-maintained office building. This property is priced at $3,999,000 and represents a compelling investment in a thriving Southern California market.

• CAP approach

  CAP return

  Valuation

  6%

  $945,499

  6.5%

  $872,768

  7%

  $810,428

• Comparable approach

  Method

  Valuation

  Relative Method

  $629,744

  Geo Method

  $1,353,680

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,760,880

  Retail / Commercial

  $894,631

  Mixed-Use / Specialty

  $884,870

  Hospitality / Lodging

  $640,645

  Office

  $872,768

  Institutional / Educational

  $917,559

  Residential Income

  $1,073,540

  Multifamily

  $1,323,980

  Automotive / Energy

  $786,480

  Parking / Income-Based Land

  $277,897

  Restaurant / Food Service

  $446,203

  Healthcare / Senior Housing

  $914,156

Location Insight

City

Irvine

County

Orange

State

California

Latitude

33.6427

Longitude

-117.736

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

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