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Sand Canyon Medical #1 16300 Sand Canyon Ave 115,791 SF 90% Leased Office Building Irvine, CA 92618 For Sale
Investment Highlights
- 90% Leased Trophy Medical Office Tower, Front Row to Hoag's $1B Expansion w/ 57% NOI Upside | Irvine, CA
- INCREDIBLE INVESTMENT OPPORTUNITY
- ON-CAMPUS, TROPHY 10-STORY MEDICAL OFFICE BUILDING
- STRONG TENANT ROSTER
Executive Summary
ON-CAMPUS, TROPHY 10-STORY MEDICAL OFFICE BUILDING
* GENERATIONAL REAL ESTATE | Sand Canyon Medical presents a generational real estate opportunity to acquire the leasehold interest in a trophy medical office building on campus of Hoag Irvine. The 10-story medical office building is located off Sand Canyon surrounded by medical uses in one of the most robust medical pockets in the nation, Irvine, California.
* ON-CAMPUS | The property sits on the campus of Hoag Irvine which opened its doors in 2010 and has quickly become one of Orange County’s premier hospitals. In 2023, Hoag broke ground on its new $1 billion dollar expansion which will add six new buildings, 155 inpatient beds, eight operating rooms, two procedure rooms and 120,000 sq. ft. of ambulatory facilities to their existing campus.
* INCREDIBLE INVESTMENT OPPORTUNITY | The property consists of ±115,791 square feet and is currently ±90.0% leased to 21 tenants with a WALT of ±2.21 years. The in-place rents are roughly ±15.43% below market levels, allowing for new ownership to capture near-term upside as leases begin to expire.
* STRONG TENANT ROSTER | The rent roll consists of some of region’s strongest medical tenants including RadNet, Hoag, City of Hope, and Orthopaedic Institute of Newport Beach to name a few.
* SIGNAGE OPPORTUNITY | Building Top signage visible from the I-405 is available for a new tenant or for new ownership which would be seen by approximately 280,000 vehicles per day.
* LEASEHOLD ADVANTAGE | With over approximately ±38 years remaining on the existing ground lease, new ownership will benefit from being able to depreciate 100% of the purchase price while enjoying secure positive cash flow.
* GENERATIONAL REAL ESTATE | Sand Canyon Medical presents a generational real estate opportunity to acquire the leasehold interest in a trophy medical office building on campus of Hoag Irvine. The 10-story medical office building is located off Sand Canyon surrounded by medical uses in one of the most robust medical pockets in the nation, Irvine, California.
* ON-CAMPUS | The property sits on the campus of Hoag Irvine which opened its doors in 2010 and has quickly become one of Orange County’s premier hospitals. In 2023, Hoag broke ground on its new $1 billion dollar expansion which will add six new buildings, 155 inpatient beds, eight operating rooms, two procedure rooms and 120,000 sq. ft. of ambulatory facilities to their existing campus.
* INCREDIBLE INVESTMENT OPPORTUNITY | The property consists of ±115,791 square feet and is currently ±90.0% leased to 21 tenants with a WALT of ±2.21 years. The in-place rents are roughly ±15.43% below market levels, allowing for new ownership to capture near-term upside as leases begin to expire.
* STRONG TENANT ROSTER | The rent roll consists of some of region’s strongest medical tenants including RadNet, Hoag, City of Hope, and Orthopaedic Institute of Newport Beach to name a few.
* SIGNAGE OPPORTUNITY | Building Top signage visible from the I-405 is available for a new tenant or for new ownership which would be seen by approximately 280,000 vehicles per day.
* LEASEHOLD ADVANTAGE | With over approximately ±38 years remaining on the existing ground lease, new ownership will benefit from being able to depreciate 100% of the purchase price while enjoying secure positive cash flow.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
115,791 SF
Building Class
B
Year Built
1990
NOI
$4,167,778
Percent Leased
90%
Tenancy
Multiple
Building Height
10 Stories
Typical Floor Size
11,579 SF
Slab To Slab
11’
Building FAR
2.74
Lot Size
0.97 AC
Zoning
5.5 - Medical and Science
Parking
1,516 Spaces (1 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
- Accent Lighting
- Reception
- Common Parts WC Facilities
- Demised WC facilities
- Natural Light
- Outdoor Seating
- Air Conditioning
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Available September 1, 2026.
- 6th Fl-Ste 609
- 1,417 SF
- Medical
- -
- Now
- 7th Fl-Ste 701
- 1,567 SF
- Medical
- Full Build-Out
- Now
- 7th Fl-Ste 704
- 3,932 SF
- Medical
- Full Build-Out
- Now
- 7th Fl-Ste 706
- 727 SF
- Medical
- Full Build-Out
- Now
- 8th Fl-Ste 801
- 1,545 SF
- Medical
- -
- Now
- 10th Fl-Ste 1009
- 2,054 SF
- Medical
- Full Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 6th Fl-Ste 608 | 1,346 SF | Medical | - | Sep 2026 |
| 6th Fl-Ste 609 | 1,417 SF | Medical | - | Now |
| 7th Fl-Ste 701 | 1,567 SF | Medical | Full Build-Out | Now |
| 7th Fl-Ste 704 | 3,932 SF | Medical | Full Build-Out | Now |
| 7th Fl-Ste 706 | 727 SF | Medical | Full Build-Out | Now |
| 8th Fl-Ste 801 | 1,545 SF | Medical | - | Now |
| 10th Fl-Ste 1009 | 2,054 SF | Medical | Full Build-Out | Now |
6th Fl-Ste 608
| Size |
| 1,346 SF |
| Space Use |
| Medical |
| Build-Out |
| - |
| Available |
| Sep 2026 |
6th Fl-Ste 609
| Size |
| 1,417 SF |
| Space Use |
| Medical |
| Build-Out |
| - |
| Available |
| Now |
7th Fl-Ste 701
| Size |
| 1,567 SF |
| Space Use |
| Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
7th Fl-Ste 704
| Size |
| 3,932 SF |
| Space Use |
| Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
7th Fl-Ste 706
| Size |
| 727 SF |
| Space Use |
| Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
8th Fl-Ste 801
| Size |
| 1,545 SF |
| Space Use |
| Medical |
| Build-Out |
| - |
| Available |
| Now |
10th Fl-Ste 1009
| Size |
| 2,054 SF |
| Space Use |
| Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
6th Fl-Ste 608
| Size | 1,346 SF |
| Space Use | Medical |
| Build-Out | - |
| Available | Sep 2026 |
Available September 1, 2026.
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $44,529,136 | |
| Land Assessment | $12,419,901 | Total Assessment | $56,949,037 |
Property Taxes
Parcel Numbers
Land Assessment
$12,419,901
Improvements Assessment
$44,529,136
Total Assessment
$56,949,037
Contacts
-
Anthony DeLorenzo -
Sammy Cemo -
Bryan Johnson -
Jackson Marlow -
Chris Bodnar -
CBRE, Inc.
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Sand Canyon Medical #1 | 16300 Sand Canyon Ave
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