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17900 Von Karman Ave 71,864 SF Vacant Office Building Irvine, CA 92614 For Sale

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Investment Highlights

Institutional-quality design with multiple kitchens, conference spaces, and collaborative areas across all floors
Prominent frontage on Von Karman Avenue with outstanding signage and branding opportunities for corporate identity
Proximity to executive housing and a highly skilled workforce

Located in the Irvine Business District, offering proximity to hotels, restaurants, gyms, South Coast Plaza, Park Place, and more
Exceptional access to the 405, 5, and 55 Freeways and minutes from John Wayne Airport

Executive Summary

CBRE is pleased to offer for sale 17900 Von Karman, a turnkey, move-in-ready headquarters opportunity in one of Orange County’s premier business addresses. Fully renovated with all three floors newly built out, furnished, and finished, the 71,864 SF building sits on one of the best unencumbered land parcels remaining in the Irvine Business Complex, positioned at the heart of the Greater Airport Area with immediate freeway, toll road, and airport access. The property gives an owner-user the ability to occupy immediately while securing a top location, full building control, and long-term economics that compare favorably to leasing comparable space in the market.
Investment Highlights

* Turnkey Occupancy | All three floors of the 71,864 SF building were fully renovated in 2019, with more than $10 million invested in creative, high-end finishes, open
ceilings, furniture, and private balconies on the second and third floors. An owner can occupy the building with minimal capital outlay.

* Top Intersection | The corner of Von Karman and Main is a highly visible and central intersection in Orange County, in the heart of Irvine’s business ecosystem where the city’s live-work aspirations continue to reach new heights. Anchoring Irvine's top intersection are, arguably, the city's one-of-one real estate projects: Park Place, Central Park West and The Irvine Concourse.

* One-of-One Building | No other building is available for sale that would offer an owner-user immediate turnkey occupancy between 30,000 and 70,000
square feet.

* Compelling Own-versus-Lease Economics | CBRE’s lease-versus-own analysis shows an owner could save in after-tax cash flow over 10 years, plus build equity and capture depreciation and appreciation benefits unavailable to a tenant.

* Premier Location & Connectivity | The property benefits from its proximity to affluent communities, offering easy access to executive housing, a high-skilled workforce, and top opportunities in California. Surrounded by premier live-work-play destinations like South Coast Plaza and Park Place, it’s central to Irvine’s finest amenities. Furthermore, its location within a multi-modal transit hub, adjacent to SR-73 and offering superb access to major freeways and John Wayne Airport, ensures excellent connectivity crucial for business success and employee retention.

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Building Size

71,864 SF

Building Class

Year Built

1981

Percent Leased

Vacant

Tenancy

Multiple

Building Height

3 Stories

Typical Floor Size

23,565 SF

Building FAR

0.79

Lot Size

2.10 AC

Zoning

5.1 - IBC Multi-Use

Parking

260 Spaces (3.68 Spaces per 1,000 SF Leased)

Bus Line
Controlled Access

Food Service
Property Manager on Site

Security System
Car Charging Station

Monument Signage

ENERGY STAR certified buildings save energy and help protect the environment.

ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.

Space Availability

Space
Size
Space Use
Build-Out
Available

1st Floor
24,843 SF
Office
-
Now

• Newly constructed space with creative, high-end finishes • Open ceilings, fully furnished (not including desk chairs) Virtual Tour: https://my.matterport.com/show/?m=dr35z33LcQf

2nd Floor
25,088 SF
Office
-
Now

• Newly constructed space with creative, high-end finishes • Open ceilings, fully furnished (not including desk chairs) • 2 unique private balconies Virtual Tour: https://my.matterport.com/show/?m=rXFpdB6HXtC

3rd Floor
21,933 SF
Office
-
Now

Newly constructed space with creative, high-end finishes • Open ceilings, fully furnished (not including desk chairs) • 2 unique private balconies Virtual Tour: https://my.matterport.com/show/?m=UbtjyDRiqTR