949-307-2063
5 Vanderbilt, Irvine, CA for Sale
Light Manufacturing - FOR SALE
1/8
null | Request Cap Rate

5 Vanderbilt
Irvine, CA 92618
Irvine Spectrum


HIGHLIGHTS

  • Long-term tenant (occupied the property since 2012)
  • Tenant has five year option to extend at FMV with no less than 3% annual increases
  • Tenant has First Right of Refusal to Purchase the property (12 day window upon fully accepted terms—ask brokers for additional details

OVERVIEW

Voit Real Estate Services is pleased to present the opportunity to acquire 5 Vanderbilt in Irvine, CA – a single tenant freestanding industrial/R&D building consisting of approximately 17,345 square feet on a 0.81 acres. This property is ideally located within the Irvine Spectrum submarket in Orange County and serves as the corporate headquarters of Evolve Dental Technologies, Inc. Evolve Dental utilizes the property for its corporate offices, research and development, and warehousing for its KöR teeth whitening system. The KöR whitening system was developed by Rod Kurthy (original founder of Evolve Dental), who has lectured all over the world, been featured many times in and on covers of various medical dental journals, and is considered by many dentists one of the leading private sector teeth whitening scientists. The property was constructed in 1985 and features concrete-tilt up construction, approximately 11,623 square feet of high-end two story office, 21’ warehouse clearance, and an approximate 2:65:1,000 parking ratio. The roof was replaced in 2015 and various HVAC replacements/repairs have been completed since 2017. The property offers excellent access to the 5/405 freeways, CA-133, the CA-241 toll road, and nearby access to John Wayne (SNA) airport. Numerous retail amenities are also in close proximity to the property, including the Irvine Spectrum Center, one of Orange County’s premier lifestyle centers owned by the Irvine Company, which features various dining, entertainment, and shopping options. Lastly, the property is located within a very strong income demographic area with approximately 50.2% of households in a 5 mile radius earning at least $150k per year.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.82

LAND SF

35,719

ZONING

5.4

APN/PARCEL ID

591-024-05

ASK ABOUT THIS PROPERTY

Mike CargileVoit Real Estate ServicesMore Info
949-307-2063

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Mike CargileVoit Real Estate ServicesMore Info
949-307-2063

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.