23692 Birtcher DrLake Forest, CA 92630

Property Details for 23692 Birtcher Dr

Year built

1981

Lot size

0.13 AC

Property size (Sq ft)

5,560 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

617-435-15

APU

61743515

Description

This exceptional executive office space, totaling 5,663 square feet, is ideally situated within the Lake Forest Corporate Park at 23692 Birtcher Drive, Lake Forest, CA 92630. The entire building is currently available for lease, presenting a unique opportunity for a single tenant to occupy this entire modern office space. Constructed in 1981, the building offers a well-established presence in a desirable Orange County location. The property boasts ample parking, with a ratio of 4 spaces per 1,000 square feet, ensuring convenient parking for employees and clients. The property type is classified as an Executive Office, suggesting a high-quality build and finish. The address is conveniently located in Lake Forest, California, within Orange County, providing easy access to major transportation arteries and local amenities. This is a multi-tenant building, however, the entire space is currently vacant and ready for immediate occupancy. The property's size and location make it suitable for a variety of businesses seeking a prestigious and functional workspace. This is a rare opportunity to secure a substantial, move-in ready office space in a prime Orange County location. Interested parties are encouraged to inquire further to explore this exceptional offering.

• CAP approach

  CAP return

  Valuation

  6%

  $1,772,908

  6.5%

  $1,636,531

  7%

  $1,519,636

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,294,192

  Geo Method

  $4,931,522

• Alternative Use

  Use

  Valuation

  Residential

  $1,380,475

  Hospitality

  $1,264,508

  Educational

  $1,052,056

  Medical

  $1,088,237

  Retail

  $1,636,531

Location Insight

City

Lake Forest

County

Orange

State

California

Latitude

33.633

Longitude

-117.717

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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