5 Vanderbilt 17,345 SF 100% Leased Flex Building Irvine, CA 92618 $5,500,000 ($317.09/SF) 5.60% Cap Rate

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.