2515 McCabe Way
Irvine, CA 92614
Office Property For Sale

Address 2515 McCabe Way Irvine, California 92614 Sale price $11,500,000 (±$375 per square foot) Lease rate $2.75/sf Full Service Gross Building Size ±30,673 square feet Property description: High-quality, elevator-served, three-story office building built in 1979. The building has unsurpassed 405 Freeway exposure, abundant natural lighting throughout, and a dramatic three-story lobby with skylights overhead. Occupancy A buyer or tenant can occupy the 1st floor, 2nd floor, or both the 1st and 2nd floors. Alzheimer’s Orange County (owner) prefers to lease-back the 1st floor, but could also lease back the 2nd floor at the request of a buyer. The third floor is completely occupied by two tenants which expire in 2020 and 2021. Both tenants have five-year options to extend at Fair Market Value. Parking Surface parking is free and in-common with the building next door, with 2515 McCabe having five reserved stalls. Total parking allocated to the building is 104 spaces, which reflects a ratio of ±3.4 spaces per 1,000 square feet. In front of the building on McCabe there is ample street parking, but it does require a permit.