For Sale Owner/User Lease Opportunity Available · Metropolitan Condos 261 Toscana Apartments 563...

12
For Sale Owner/User Lease Opportunity Available

Transcript of For Sale Owner/User Lease Opportunity Available · Metropolitan Condos 261 Toscana Apartments 563...

Page 1: For Sale Owner/User Lease Opportunity Available · Metropolitan Condos 261 Toscana Apartments 563 Park Place Irvine 787 Villa Siena Apartments 1,442 Marquee at Park Place 232 Irvine

For Sale Owner/User Lease Opportunity Available

Page 2: For Sale Owner/User Lease Opportunity Available · Metropolitan Condos 261 Toscana Apartments 563 Park Place Irvine 787 Villa Siena Apartments 1,442 Marquee at Park Place 232 Irvine

Executive Summary

Address 18851 Bardeen, Irvine, CA 92612

Offering Price Call for Details

Total Building Area 18,500 RSF

Total Land Area 1.02 Acres

Project Website www.18851bardeen.com

VIEW PROJECT VIDEO

Page 3: For Sale Owner/User Lease Opportunity Available · Metropolitan Condos 261 Toscana Apartments 563 Park Place Irvine 787 Villa Siena Apartments 1,442 Marquee at Park Place 232 Irvine

Property Overview/Highlights

±18,500 RSF High End Two-Story Office Building

Creative/Progressive Office Space with High Volume, Two-story, Interior Open Atrium

5.1 IBC Multi-Use Zoning

Great for Single or Multi-Tenant Occupancy

Located Adjacent to Quality Amenities such as new Elements Apartment Home Community, Bistango, Daily Grill, Food Court, Extended Stay Hotel, John Wayne Airport (1/2 mile walk)

Rare Owner/User Opportunity

Prime Central “Irvine Business Complex” Location

Easy Access to 405, 73 and 55 Freeways

3.6:1,000 SF Car Parking (67 Stalls)

Page 4: For Sale Owner/User Lease Opportunity Available · Metropolitan Condos 261 Toscana Apartments 563 Park Place Irvine 787 Villa Siena Apartments 1,442 Marquee at Park Place 232 Irvine

DUPONT BUSINESS CENTER \ irvine, ca

405

405

405

5

5

241

261

133

241

22

1

39

731

55

55

John Wayne Airport

W Ball Rd

Orange Ave

S M

agno

lia S

t

Dal

e St

Mag

nolia

St

E South St

E Vermont Ave

Eucl

id S

t

Broo

khur

st S

t

Victoria St

Mag

nolia

StNew

land

St

Gol

denw

est S

tSprin

gdal

e St

Slater Ave

Warner Ave

West McFadden Ave

Bolsa Ave

Bush

ard

St

E Tall Ave

Serrano Ave

E M

eats

Ave

Orangewood Ave

Katella Ave

W Cerritos Ave

Chapman Ave

Lampson Ave Lampson Ave

Fairhaven Ave

La Colina Ave

Portola Pkwy

Canyon View Ave

Bolsa Ave W 1st St

Hazard Ave

West McFadden Avenue

Edinger Ave

Adams Ave

Ellis Ave

W Edinger AveRed H

ill Ave

Orange A

veE McFadden Avenue

E 17th St E 17th St

Red Hill

Ave

Edinger Ave

Walnut Ave

Newport Ave

Irvine Blvd

Trabuco Rd

Alton Pkwy

Lake Forest Dr

Ridge Rte Dr

Lake

Fore

st D

r

Alicia Pkwy

Bake Pkwy

ywkP etreugra

M

Jeronimo Rd

Muirlands Blvd

Irvine Center Dr

Campus Dr

Ford Rd

Barranca Pkwy

Red Hill

Ave

Jam

boree Rd

Culver D

r

Yale A

ve

Von Kar

man

Ave

Irvin

e Ave

Dover D

rSa

ntia

go D

r

Santa

Ana A

ve Har

vard

Ave

Jam

boree R

d

Jambore

e Rd

Culver A

ve

Shad

y Can

yon

Dr

University Dr

San Migue

l Dr

Mac

Arth

ur B

lvd

Cul

ver D

r

S Br

isto

l St

Fairv

iew

Rd

Fairv

iew

Rd

Har

bor B

lvd

Har

bor B

lvd S

Raitt

St

S Ra

itt S

t

N B

risto

l St

N F

airv

iew

St

S Fl

ower

St

S M

ain

St

Eucl

id S

t

N M

ain

St

N G

lass

ell S

t

N C

ambr

idge

St

N T

ustin

St

Villa Park Rd

N C

annon St

N B

atav

ia S

t

Westminster Blvd

Trask Ave

Los A

llsos

Blvd

Jeronim

o

Santiago OaksRegional Park

Limestone CanyonRegional Park

Loma Ridge

Whiting RanchWilderness Park

Laguna CoastWilderness Park

Midway City

Garden Grove

Orange

Villa Park

Santa Ana Tustin

Northwood

North Tustin

Irvine

FountainValley

HuntingtonBeach

NewportBeach

Costa Mesa

Fashion Island LagunaWoods

San JoaquinHills

Westminster

Stanton

SoutheastAnaheim

AnaheimResort

South CoastMetro

Cypress

SouthwestAnaheim

Lake ForestVerizon Wireless

Amphitheater

OC Fair & Event Center

32

38

207

162214

19

25

44

45

3043

59105

111

104

Creative Tenants

105Technology

85Advertising

27Apparel

Page 5: For Sale Owner/User Lease Opportunity Available · Metropolitan Condos 261 Toscana Apartments 563 Park Place Irvine 787 Villa Siena Apartments 1,442 Marquee at Park Place 232 Irvine

Irvine Demographic Highlights

2018 Population – Current Year Estimate 270,371

2023 Population – Five Year Projection 296,850

2010 Population – Census 212,000

2000 Population - Census 145,900

2010-2018 Annual Population Growth Rate 3.0%

2018-2023 Annual Population Growth Rate 2.0%

2018 Estimated Median Age 35.30

2018  Households – Current Year  Estimate 102,778

2023 Households – Five Year Projection 113,503

2010 Households – Census 79,034

2000 Households – Census 52,390

2010-2018 Annual Household Growth Rate 3.24%

2018-2023 Annual Household Growth Rate 2.00%

2018 Average Household Income $135,788

2023 Average Household  Income $160,744

2018 Median Household Income $103,525

2023 Median Household Income $117,900

2018 Per Capita Income $51,986

2023 Per Capita Income $61,769

2018 Average Value of Owner Occ. Housing Units $867,604

Irvine Demographic HighlightsIrvine boasts some of the most desirable demographics in Southern California. Residents are generally educated and active within the community, leading to a distinctive sense of identity throughout the city.

EducationHigh school graduates: 97%College graduates: 65%Median household income: $92,663Median home value: $622,500Median rent: $1,832Employment base: 209,557Safest large city in the United States (2004-2014)

Page 6: For Sale Owner/User Lease Opportunity Available · Metropolitan Condos 261 Toscana Apartments 563 Park Place Irvine 787 Villa Siena Apartments 1,442 Marquee at Park Place 232 Irvine

Irvine Airport Area Residential Density

BUILT

UNDER CONSTRUCTION

APPROVED

APPLICATION UNDER REVIEW

PRE-APPLICATION

55

405

E Dyer Rd

Main St

San Diego Fwy

Anton Blvd

Bristol ST

E Warner Ave

Red

Hill

Ave

Barranca Pkwy

Alton Pkwy

Von

Kar

man

Ave

Red

Hill

Ave

Com

pus

Dr

Compus Dr

Dupont Dr

Car

lson

Ave

Birc

h St

Macarthur Blvd

Jam

bore

e Rd

Cos

ta M

esa

Free

way

E Edinger Ave

S Grand Ave

Tustin Ranch Rd

Michelson DrHarvard Ave

r

John Wayne Airport

Irvine BusinessComplex

William R MasonRegional Park

Bill BarberCommunity Park

Name UnitsCharter Apts 403

Metropolitan Condos 261

Toscana Apartments 563

Park Place Irvine 787

Villa Siena Apartments 1,442

Marquee at Park Place 232

Irvine Inn 192

Watermarke Condominiums 535

Kelvin Court 132

Main Street Village Apartments

481

Campus Center Apartments 343

Axis 2300 116

Camden Apartments 290

The Plaza-Irvine:Condominiums

202

Central Park 1,380

Calypso Apartments and Lofts

179

Campus Center Apartments Expansion

61

Carlyle @ Colton Plaza 156

2801 Kelvin Avenue 248

The Plaza Irvine: Condominiums

105

Granite Court Apartments 71

Avalon Irvine 280

Name UnitsMilani Apartments 18831 Von Karman

287

2851 Alton Parkway 170

Avalon Irvine, Phase II 179

The Kelvin Apartments 194

Alton & Millikan Apartments 194

Metropolis 457

Park Place Apartments 989

Equity Residential Apartments I

190

Equity Residential Apartments II

154

Irvine Lofts 469

Elements 1,600

17275 Derian 90

360 Fusion Apartment Homes 280

Campus & Von Karman Apartments

876

Main & Jamboree Apartments 388

Pistoria Apartments 371

Aqua at Park Place 520

2525 Main 272

2660 Barranca/16542 Millikan 185

2652 White Road 47

17811 Gillette 72

17861 Cartwright 54

6650Built

Units

1640Construction

Units

4355Approved

Units

2715Application

Units

16KTotal Housing

Units

394Pre-Application

Page 7: For Sale Owner/User Lease Opportunity Available · Metropolitan Condos 261 Toscana Apartments 563 Park Place Irvine 787 Villa Siena Apartments 1,442 Marquee at Park Place 232 Irvine

Orange County Info

Orange County Demographic Highlights

2018 Population – Current Year Estimate 3,253,957

2023 Population – Five Year Projection 3,396,718

2010 Population – Census 3,010,232

2000 Population - Census 2,846,283

2010-2018 Annual Population Growth Rate 0.95%

2018-2023 Annual Population Growth Rate 0.86%

2018 Estimated Median Age 37.30

2018  Households – Current Year  Estimate 1,060,963

2023 Households – Five Year Projection 1,103,268

2010 Households – Census 992,781

2000 Households – Census 935,270

2010-2018 Annual Household Growth Rate 0.81%

2018-2023 Annual Household Growth Rate 0.79%

2018 Average Household Income $119,319

2023 Average Household  Income $139,909

2018 Median Household Income $85,323

2023 Median Household Income $100,017

2018 Per Capita Income $39,365

2023 Per Capita Income $45,887

2018 Average Value of Owner Occ. Housing Units $777,960

Situated between Los Angeles and San Diego, in the heart of sunny Southern California is Orange County. Once an agricultural empire for citrus growing, Orange County now boasts a thriving economy, a sophisticated arts scene, and a community of high-powered movers and shakers. Occupying the sloping plains of the Santa Ana Range’s foothills to the Pacific Ocean, the area is blessed with brilliant weather, a low unemployment rate, and a rapidly growing job market. Thriving on immigrant dynamism coupled with a long-running technological explosion, this conglomeration of 34 cities has become an international world trade center.” A third of the firms in Orange County deal internationally, and nearly half of the population is ethnically diverse. If Orange County were a country it would rank in the top 30 economies worldwide.

Orange County Demographic Highlights

EducationHigh school graduates: 81%College graduates: 36%Median household income: $75,422Median home value: $519,600Median rent: $1,611

Page 8: For Sale Owner/User Lease Opportunity Available · Metropolitan Condos 261 Toscana Apartments 563 Park Place Irvine 787 Villa Siena Apartments 1,442 Marquee at Park Place 232 Irvine

Floor Plans First Floor | 10,500 RSF

Atrium

Atrium

Lobby

Page 9: For Sale Owner/User Lease Opportunity Available · Metropolitan Condos 261 Toscana Apartments 563 Park Place Irvine 787 Villa Siena Apartments 1,442 Marquee at Park Place 232 Irvine

Floor Plans Second Floor | ±8,000 RSF

Open to

Below

Open to

Below

Atrium

Atrium

Page 10: For Sale Owner/User Lease Opportunity Available · Metropolitan Condos 261 Toscana Apartments 563 Park Place Irvine 787 Villa Siena Apartments 1,442 Marquee at Park Place 232 Irvine

Site Plan

Open to

Below

Open to

Below

Atrium

Atrium

Nota

Part

Page 11: For Sale Owner/User Lease Opportunity Available · Metropolitan Condos 261 Toscana Apartments 563 Park Place Irvine 787 Villa Siena Apartments 1,442 Marquee at Park Place 232 Irvine

Area Amenities

JAMBOREE ROAD

VON KARMAN AVENUE

DAILY GRILL MELTING POT

CORE POWER YOGA SUBWAY MUSCLE MAKER GRILL

JAMBOREE PROMENADE SHOPPING CENTER

NORTH ITALIA HOUSTON’S

STARBUCKS MOTHER’S MARKET CHASE BANK WAHOO’S LEMONADE LA FITNESS

PANINI CAFE PUESTO LADY M

RUTH’S CHRIS STEAK HOUSE

PARK PLACE

FASHION ISLAND

SOUTH COAST PLAZA

MARRIOTT

HILTON / ATRIUM HOTEL

JOHN WAYNE AIRPORT

DUPONT DRIVE

MICHELSON DRIVE

JAMBOREE ROAD

VON KARMAN AVENUE

JOHN WAYNE AIRPORT

DUPONT DRIVE

MICHELSON DRIVE

Page 12: For Sale Owner/User Lease Opportunity Available · Metropolitan Condos 261 Toscana Apartments 563 Park Place Irvine 787 Villa Siena Apartments 1,442 Marquee at Park Place 232 Irvine

For Sale Owner/User Lease Opportunity Available

© 2019 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. ww/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. PMStudio_June2019

Contacts:

Chip WrightLic. 00899669+1 949 725 [email protected]

Simon DillonLic. 01010564+1 949 725 [email protected]

Reid WeaverLic. 01995422+1 949 725 [email protected]