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4 Hughes 4,597 SF Office/Medical Condo Unit Offered at $2,700,000 in Irvine, CA 92618
INVESTMENT HIGHLIGHTS
- Easy Access to Irvine Spectrum, Foothill Ranch Town Center and $1B Great Park Master Plan Community.
- Turnkey Premium Finish Office Suite Ready For Immediate Occupancy.
- Flexible Community Commercial Zoning - Extensive Uses Permitted.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Total Building Size | 4,597 SF | Typical Floor Size | 2,298 SF |
| Property Type | Office (Condo) | Year Built | 2004 |
| Property Subtype | Medical | Lot Size | 1.59 AC |
| Building Class | B | Parking Ratio | 4/1,000 SF |
| Floors | 2 | ||
| Zoning | G1, Irvine - Community Commercial - Flexible Zoning | ||
| Total Building Size | 4,597 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 2,298 SF |
| Year Built | 2004 |
| Lot Size | 1.59 AC |
| Parking Ratio | 4/1,000 SF |
| Zoning | G1, Irvine - Community Commercial - Flexible Zoning |
AMENITIES
- Signage
1 UNIT AVAILABLE
Unit 175
| Unit Size | 4,597 SF | Cap Rate | 7.66% |
| Price | $2,700,000 | NOI | $206,820 |
| Price Per SF | $587.34 | No. Parking Spaces | 30 |
| Condo Use | Office/Medical | Sale Conditions | 1031 Exchange |
| Sale Type | Investment or Owner User |
| Unit Size | 4,597 SF |
| Price | $2,700,000 |
| Price Per SF | $587.34 |
| Condo Use | Office/Medical |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.66% |
| NOI | $206,820 |
| No. Parking Spaces | 30 |
| Sale Conditions | 1031 Exchange |
DESCRIPTION
https://www.mymnet.com/activity/ZAG0090039
SALE NOTES
Marcus & Millichap is pleased to present a rare opportunity to acquire a 4,597 SF medical/professional office condominium strategically located in the heart of Irvine’s dynamic business district. Positioned directly off Alton Parkway at Hughes and Studebaker, the property offers exceptional connectivity with immediate access to I-5, I-405, SR-133, and is just minutes from John Wayne Airport.
The property is steps from Irvine Spectrum Center, a premier retail and entertainment destination, and near lifestyle hubs such as Tanaka Farms and Foothill Ranch Town Center. Irvine is home to an impressive roster of corporate headquarters and major employers, including Taco Bell, Mazda, CoreLogic, Alteryx, Ingram Micro, Hoag Health, UC Irvine Health, AWS, Johnson & Johnson, and The Irvine Company, as well as notable names like Kia Motors, Allied Universal, Edwards Lifesciences, Masimo, Skyworks, Broadcom, Rivian Automotive, Shimano North America, Volvo, Arbonne, and Parker Aerospace—underscoring the city’s strong economic fundamentals and highly educated workforce.
Built in 2004, the building features an extensive medical office build-out with along operating history, making it ideal for a medical user. FF&E and intellectual property are available separately, creating a turnkey solution for an owner-user. The property has been meticulously maintained and updated through various renovations and maintenance plans. The surrounding submarket boasts strong demographics, with average household incomes exceeding $151K within a 2-mile radius, and benefits from proximity to major retail, hospitals, and leisure amenities.
With its premier location, robust demographics, and proximity to world-class amenities, 4 Hughes represents a compelling opportunity in one of Southern California’s most resilient and sought-after markets.
Consult your SBA lender for qualifying criteria. FF&E and intellectual property sold separately.
https://www.mymnet.com/marketingcenter/deal/ZAG0090039
MAJOR TENANT INFORMATION Click Here to Access
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Institute For Progressive Medicine |
-
|
Jan 0000
|
Presented by
4 Hughes
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