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3 Corporate Park 37,197 SF Office Building Irvine, CA 92606 $12,995,000 ($349.36/SF)
Investment Highlights
- ±37,197-SF Owner-User Office Building with In-Place Income | 2.6-Year WALT Across Retained Tenants
- Occupy the Entire 2nd Floor (19,360-SF) while Collecting Income from the 1st Floor | Seven Retained Tenants Generating ±$660K in Annual Gross Income
- Currently 86% Occupied | Near-Term Expirations on 2nd Floor Allowing for a User to Take Space
- Modern Finishes Throughout | Two Story, Elevator Served | High-Image Irvine Business Park Location | Building Top Signage Available
- Recently Renovated | Nearly $1M in CapEx Under Current Ownership
- Convenient access to Interstate 405, Interstate 5, State Route 55, and proximity to John Wayne Airport.
Executive Summary
3 Corporate Park presents a rare owner-user investment opportunity within Irvine’s established business environment, offering a freestanding two-story office building with recent renovations and in-place income. Positioned within The Parc business park, the property combines modernized interior finishes with a functional layout designed to support both immediate occupancy and long-term operational flexibility. The building benefits from nearly $1,000,000 in capital improvements completed under current ownership, including lobby and restroom upgrades, enhanced landscaping, parking lot improvements, and the installation of a new roof with solar panels. These enhancements contribute to a refreshed corporate image and reduced near-term capital requirements for a buyer. Strategically located with convenient access to Interstate 405, Interstate 5, and State Route 55, the property is minutes from John Wayne Airport and major retail destinations such as Irvine Spectrum and The District at Tustin Legacy. This central Orange County location provides connectivity to key employment hubs and a wide range of nearby amenities. The asset offers meaningful income from existing tenants, with retained leases generating ongoing cash flow while allowing an owner-user to occupy a significant portion of the building. This blend of occupancy flexibility and in-place income supports both operational use and investment stability in a supply-constrained suburban office market
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
37,197 SF
Building Class
B
Year Built
1986
Price
$12,995,000
Price Per SF
$349.36
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
18,599 SF
Building FAR
0.38
Lot Size
2.25 AC
Zoning
5.1 - IBC Multi-Use
Parking
156 Spaces (4.19 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Signage
- Monument Signage
- Outdoor Seating
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Reception, 2 offices, conference room, storage room, kitchen and open area. Video Tour Link: https://www.youtube.com/watch?v=VuchYTagUa8
Reception, 3 offices, conference room, open kitchen, IT room and open area Video Tour Link: https://www.youtube.com/watch?v=E8TZfnAYSME
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 200 | 2,061 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 240 | 3,084 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 200
| Size |
| 2,061 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 240
| Size |
| 3,084 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 200
| Size | 2,061 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Reception, 2 offices, conference room, storage room, kitchen and open area. Video Tour Link: https://www.youtube.com/watch?v=VuchYTagUa8
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 240
| Size | 3,084 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Reception, 3 offices, conference room, open kitchen, IT room and open area Video Tour Link: https://www.youtube.com/watch?v=E8TZfnAYSME
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
20/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 435-201-05 | Improvements Assessment | $4,923,556 |
| Land Assessment | $4,460,444 | Total Assessment | $9,384,000 |
Property Taxes
Parcel Number
435-201-05
Land Assessment
$4,460,444
Improvements Assessment
$4,923,556
Total Assessment
$9,384,000
Contacts
-
Steve Economos -
Geoffrey DeWolf -
David Economos -
Matt Economos -
Economos DeWolf, Inc.
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
3 Corporate Park
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