Listed by CTH Commercial Real Estate
Undisclosed Rate
72 Corporate Park
Building Details
Property Type Office
Sub Type Executive Office
Tenancy Single
Total Building SqFt 33,273
Vacant SqFt 33,273
Total Parking Spaces 109
Spaces
Lease Rate: TBD
Office | Single tenant | 33,273 SqFt
Building description
CTH Commercial Real Estate, acting as the exclusive advisor to the Ownership, is delighted to offer for acquisition the fee-simple interest in 72 Corporate Park (the "Property"). This property comprises a 33,273 square foot, high-quality, standalone office building situated in Irvine, California.
72 Corporate Park is vacant and available to an investor or owner/user.
Building highlights
- 72 Corporate Park stands out as a unique location within one of Orange County's most prestigious office environments. The development of The District, boasting 1.0 million square feet, and Diamond Jamboree, with 114,000 square feet of retail space, has transformed the area into a nexus of amenities. Businesses at Corporate Park now benefit from unparalleled access to dining options, shopping at Whole Foods and Costco, and an engaging entertainment hub. Strategically positioned, the property is just 2.7 miles from John Wayne Airport and enjoys central access to the 405, 55, and 5 freeways, enhancing its connectivity and appeal.
- Rare freestanding, high-quality office building on approximately 1.9 acres, offering maximum control, privacy, and flexibility for an owner/user or investor. Unlike multi-tenant buildings, this standalone asset allows for full building identity, customized branding, and unrestricted operational use within the flexible uses permitted in this zoning.
- Open floor plan allows a buyer to completely customize the 33,273 square foot building to their exact specifications. The property benefits from highly flexible zoning, substantial existing electrical power capacity, and exceptionally high ceilings on both the first and second floors, providing maximum versatility for a wide range of uses.
- Lease: Tenant Improvement Allowance available to customize the space as needed and subject to negotiation. Landlord flexible on term and open to all uses approved by the city of Irvine.
- The Orange County office market is currently showcasing remarkable strength, highlighted by stable vacancy rates and consistent leasing activity in key areas like Irvine. With a vibrant economy driven by diverse industries, including tech and finance, the region continues to attract high-quality tenants, ensuring sustained demand and promising investment returns for office properties.
- Employment in Orange County, California, remains robust, underpinned by a diverse economic base that includes thriving sectors like technology, healthcare, and tourism. With unemployment rates below the national average and steady job growth, businesses looking to establish or expand in this region can expect a skilled and abundant workforce, enhancing the stability and growth potential of commercial real estate investments here.
- High-Quality Construction/Below Replacement Cost. The two-story, elevator-served building features functional floor plates, high-ceilings, timeless brick façade, sprinklers throughout, backup generators, and two balconies. In addition, the Property is being offered at a significant discount to an estimated replacement cost.
- Flexible Uses Possible. With its high ceilings, potential for ground-level loading, and an exceptional power capacity of over 3,000 amps, this property is well-positioned to adapt to and fulfill a wide array of future market requirements, ensuring its enduring value and utility.
Listing Contacts
Listed by CTH Commercial Real Estate
Map
Property History
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