* VALUE-ADD MEDICAL | Rare opportunity to add value to a medical office building (MOB). Current ownership owned the leasehold for 30+ years before acquiring the fee simple position last year allowing the next buyer to push rents and capitalize value. * EXTREMELY BELOW-MARKET RENTS | In-place rents average roughly 25% below market levels giving a great mark-to-market opportunity to enhance the cash flow. * SHORT WEIGHTED AVERAGE LEASE TERM (WALT) | With a WALT of only 1.96 years, the next buyer can capture the upside soon while still maintaining a strong income stream. * CONDO REPOSITIONING | Small units that are separately metered with their own separate HVAC units and restrooms simplifies the condo repositioning program. The original project was developed with a previously recorded condo map. * RESERVED, COVERED PARKING | The building has exclusive access to the ground floor, “tucked-under” parking stalls. This is a huge amenity for doctors and their patients who want to have easy access to suites/stairs/elevators and keep their cars covered during the day. * HEART OF HEALTHCARE | Irvine is the center of healthcare expansion throughout the United States. With 3 concurrent $1B+ hospital expansions, there is no better place to own a medical office building. * CENTRAL IRVINE LOCATION | Woodbridge is the Irvine’s core with easy freeway access, affluent and dense population base, best schools, incredible retail and the “medical alley” of Irvine with some of the premier medical office addresses along the Barranca corridor.